(BRIEF) Stellantis Ventures, the venture capital fund of Stellantis N. V. , announces its investment in SteerLight, a pioneer in high-performance LiDAR sensing technology. SteerLight’s state-of-the-art LiDAR, powered by silicon photonics technology, promises improved resolution, accuracy, and cost. • Efficiency compared to existing systems, with potential programs in complex motive power assistance (ADAS) systems for long-life Stellantis vehicles. Ned Curic, Stellantis’ director of engineering and technology, highlights the alignment of this investment with Stellantis’ Dare Forward 2030 initiatives, aimed at identifying innovative technologies for visitor value. François Simoens, CEO of SteerLight, highlights the importance of Stellantis in advancing the adoption of LiDAR in the commercial and mobility sectors. Thanks to its compact and physically powerful design, SteerLight’s LiDAR overcomes today’s challenges, paving the way for widespread implementation in next-generation vehicles.
(PRESS RELEASE) AMSTERDAM, March 20, 2024 – /EuropaWire/ – Stellantis Ventures, the venture capital fund of Stellantis N. V. , announced that it has invested in SteerLight, the developer of a next-generation LiDAR (light sensing and telemetry technology) technology.
Using silicon photonics technology, which combines universal semiconductor coverage with imaging speed, SteerLight LiDAR detects the three-dimensional environment with higher resolution and accuracy, and at a lower volume production cost, than currently available LiDAR systems.
The generation has the potential to provide drivers of future Stellantis-branded vehicles with greater functionality in a variety of complex driver assistance systems (ADAS), adding automated driving.
“A core facet of our Dare Forward 2030 projects is identifying innovative technologies that deliver truly broad prices to our consumers at scale,” said Ned Curic, director of engineering and technology at Stellantis. “Improving automated driving remains a very sensible priority at Stellantis’ innovative paints. SteerLight can enable enhanced, pervasive ADAS applications.
“We see a wonderful advantage in Stellantis venture capital fund recognizing our innovation so that we can unlock large-scale adoption of LiDAR for commercial and mobility applications,” said Francois Simoens, co-founder and CEO of SteerLight. The new generation of LiDAR is critical to supporting innovations in the automotive industry, and we look forward to working in combination to advance the next generation of vehicles. “
SteerLight, a spin-off of French power plant CEA-Leti, uses frequency-modulated continuous wave (FMCW) LiDAR in the generation of silicon photonics that puts the formula on a microchip. The formula is physically powerful (with no moving parts) and compact, maximizing flexibility for automotive engineers. It exceeds the demanding conditions of existing LiDAR generation for vehicles: component length and maximum cost. FMCW generation provides extremely accurate intensity and speed data while resisting interference from the environment and other users.
Since its inception in 2022, Stellantis Ventures has invested in 12 startups and a mobility fund, with the goal of developing cutting-edge technologies that will improve outcomes for individual consumers and society as a whole.
About Stellantis Ventures
Created with an initial investment of €300 million, Stellantis Ventures is Stellantis’ first venture capital fund. It targets early- and late-stage start-ups that are developing cutting-edge technologies for the automotive and mobility industries and aim to improve. outcomes for individual consumers and society as a whole. The fund has a unique dual mandate that requires portfolio corporations to have strong and sustainable expansion customers, as well as the best prospects for generation adoption within Stellantis’ products and operations. Backed through one of Stellantis Ventures, one of the world’s leading automakers and mobility providers, it is uniquely positioned to temporarily and successfully offer pricing to portfolio members.
About Stellantis
Stellantis N. V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers whose goal is to offer clean and affordable mobility freedom for all. It is best known for its unique portfolio of iconic, cutting-edge vehicles. Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia®, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, an ambitious strategic plan This paves the way for the ambitious goal of creating a net-zero carbon mobility generation company by 2038, with single-digit percentage offsetting of remaining emissions, while creating added value for all stakeholders. For more information, scale in www. stellantis. com
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SOURCE: Stellantis SA
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