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- Goodyear Tire & Rubber Co (NASDAQ:GT) has invested an undisclosed sum in electric vehicle charging provider, AmpUp.
- Goodyear, Foothill Ventures, and TechNexus Venture Collaborative are the investment firms that helped AmpUp raise the capital.
- AmpUp plans to use the new capital to scale operational and technical capabilities to meet sales demand.
- "It's important to provide consumers and fleets with solutions that unlock the full potential of electric vehicles, so it was logical to establish a relationship with AmpUp," said Abhijit Ganguly, Managing Director, Goodyear Ventures.
- The new firms will join past investors YCombinator, Hyundai, SAIC Motor, and iSun Inc. (NASDAQ:ISUN).
- Price Action: GT shares are trading lower by 2.83% at $16.13 on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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