MILAN : Stellantis venture capital arm, set up to help finance a shift to lower carbon transport, has spent around 100 million euros ($108 million) in its first round of investments, its head said on Thursday. The world's third largest carmaker by sales, last year launched Stellantis Ventures with an init
MILAN : Stellantis venture capital arm, set up to help finance a shift to lower carbon transport, has spent around 100 million euros in its first round of investments, its head said on Thursday.
"We are using the strength of Stellantis Ventures to connect with companies that are developing cutting-edge technology that we believe can transform the in-cabin experience and improve the mobility sector," Stellantis technology chief Ned Curic said in a statement. The start-ups include artificial intelligence and computer vision developer Nauto, offroad guide provider Trails Offroad and e-bike developer Beweelsociety. Stellantis will already use products developed by them this year, Bazih said.
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