Stellantis (STLA) enters agreement to acquire aiMotive

Stellantis (NYSE: STLA) announced today on their website that the automaker has entered into an agreement to acquire aiMotive, a leading developer of advanced artificial intelligence and autonomous driving software. This acquisition enhances Stellantis’ artificial intelligence and autonomous driving core technology, expands its global talent pool, and boosts the mid-term development of the all-new STLA AutoDrive platform.

“Acquiring aiMotive’s world-class artificial intelligence and autonomous driving technology is an important contribution to becoming a sustainable mobility tech company,” said Yves Bonnefont, Stellantis Chief Software Officer. “aiMotive’s class-leading expertise and startup spirit will accelerate our journey to deliver our Dare Forward 2030 goals.”

aiMotive will operate as a subsidiary of Stellantis, maintaining its operational independence. Founder László Kishonti will remain as CEO. The company will continue selling three areas of its current technology product portfolio, including aiData, aiSim and aiWare, to other partners.

Stellantis will establish a Board of Directors to oversee aiMotive while preserving its startup mindset of rapid innovation. aiMotive team will be fully part of the Stellantis autonomous driving and artificial intelligence teams.

Shares of STLA are down 1.69% in mid-day trading on Thursday.

By Michael Elkins | [email protected]

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