Stellantis has agreed to acquire aiMotive, a developer of advanced artificial intelligence and autonomous driving software. Financial details of the transactions were not disclosed.
aiMotive is based in Budapest, Hungary, with offices in Germany, the US and Japan, with over 200 employees worldwide.
The acquisition is expected to enhance Stellantis’ artificial intelligence and autonomous driving core technology. It is also anticipated to expand its global talent pool, and boost the mid-term development of the all-new STLA AutoDrive platform.
Related: Stellantis’ Italian Exec Faces US Extradition Over Diesel Probe
“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 will operate as a subsidiary of Stellantis, maintaining its operational independence and startup culture. Founder László Kishonti will remain as CEO.
Featured News
Judge Appoints Law Firms to Lead Consumer Antitrust Litigation Against Apple
Dec 22, 2024 by
CPI
Epic Health Systems Seeks Dismissal of Antitrust Suit Filed by Particle Health
Dec 22, 2024 by
CPI
Qualcomm Secures Partial Victory in Licensing Dispute with Arm, Jury Splits on Key Issues
Dec 22, 2024 by
CPI
Google Proposes Revised Revenue-Sharing Limits Amid Antitrust Battle
Dec 22, 2024 by
CPI
Japan’s Antitrust Authority Expected to Sanction Google Over Monopoly Practices
Dec 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand