Stellantis Establishes New 'Mobilisights' Independent Business Unit

Benzinga · 01/06/2023 11:34
  • Stellantis NV (NYSE:STLA) has established an independent business unit, Mobilisights, to grow its data as a service (DaaS) business.
  • The unit will also develop and license innovative B2B products, applications and services.
  • Mobilisights products will be available to a diverse set of entities, including private enterprises, public-sector utilities, education and research institutions, fostering data-driven decision making.
  • As one of the seven business units under the Dare Forward 2030 strategic plan, the new unit is part of Stellantis' efforts to grow and accelerate its software and data business.  
  • Mobilisights will leverage data from Stellantis' connected vehicles, which are expected to reach 34 million by the end of the decade.
  • "The vision for Mobilisights is to contribute to a smarter world, leveraging the insights that vehicle data provide to inspire innovative applications and services that can transform and dramatically improve the day-to-day lives of users and businesses," said Mobilisights CEO Sanjiv Ghate.
  • "Harnessed effectively, sensor and other data available from connected vehicles can enable a wide range of services and applications with compelling benefits, ranging from personalized usage-based insurance to road hazard detection and traffic management."
  • Also Read: Stellantis, Archer Join Forces On Midnight eVTOL Manufacturing
  • Price Action: STLA shares are trading lower by 1.19% at $14.99 in premarket on the last check Friday.
  • Photo Via Company