Stellantis to buy software developer aiMotive in autonomous vehicle push
Summary
MILAN -- Stellantis has agreed to buy aiMotive, a developer of advanced artificial intelligence and autonomous vehicle driving software, to advance its technology development efforts, the company said in a statement. The acquisition enhances Stellantis artificial intelligence and autonomous vehicle core technology, expands its global talent pool, and boosts the mid-term development of its all-new STLA AutoDrive platform, the company added in the statement. The deal also supports Stellantis ambition to generate around 20 billion euros ($20.75 billion) in additional annual revenues by 2030 from software-enabled product offerings and subscriptions. Budapest-based aiMotive has offices in Germany, the U.S. and Japan and employs more than 200 employees worldwide, including engineers with advanced artificial intelligence and AV expertise. The startup will continue selling three areas of its technology product portfolio, including aiData, aiSim and aiWare, to other partners, the statement said.