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Goodyear Ventures Expands Portfolio with Nova Labs Investment

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Goodyear Tire says that its venture capital arm, Goodyear Ventures, has added Nova Labs, to its investment portfolio.

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Goodyear says Nova Labs is the pioneer of decentralized wireless communications and the founder of the core technologies powering the Helium network. The Helium network provides public, long-range wireless coverage for a wide range of Internet of Things (IoT) devices, such as smart bikes and scooters, home delivery systems and more.

Goodyear Ventures recently participated in Nova Lab’s series D financing round. With connected mobility playing a key role in the future of transportation, this investment allows Goodyear to collaborate on efficient and accessible connectivity solutions, the company says.

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