Lear to Acquire UpWest-Backed EXO Technologies

We are excited to share today’s news that Lear Corporation (NYSE: LEA) is acquiring EXO Technologies, an UpWest Labs portfolio company!

EXO Technologies’ proprietary technology has revolutionized GPS accuracy, specifically for the connected and autonomous vehicle markets. The acquisition will allow Lear, a Fortune 500 company and one of the world’s leading suppliers of automotive seating and electrical systems, to significantly improve its GPS technology for its current and future offerings. “We are extremely excited to join the Lear family where we will provide unparalleled solutions for Vehicle-to-Vehicle, autonomous driving and other applications,” Said Nuri Golan, EXO’s CEO and co-founder. The integration of EXO’s technology with Lear’s vehicle and connectivity expertise will enable a new industry leading vehicle positioning solution.

UpWest Labs was EXO Technology’s first institutional investor in 2016. We want to congratulate Nuri, Isaac, Adam W, Adam H, and the rest of the EXO team, and we look forward to keeping in touch as their journey continues! Read the full announcement here.

 

 

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