The maker of Jeep SUVs and Ram pickup trucks is looking to get aggressive as a venture capitalist to find the people and technologies that can help it achieve its mission toward clean, safe and affordable mobility.
Stellantis NV has launched Stellantis Ventures, a corporate venture fund with $328 million (300 million euro) announced last month as a part of its Dare Forward 2030 strategy. The allocation is devoted to help accelerate the work of entrepreneurs, another pivot toward creative collaboration amid a transformation seeking to rewrite the narrative of the legacy automaker, improve investor sentiment and better serve customers.
"We are moving fast in our transformation to a mobility tech company while reimagining the future of mobility for generations to come," Ned Curic, Stellantis chief technology officer, said in a statement. "The market is changing, the technology is changing, and the way we relate to our customers is changing. Stellantis Ventures will accelerate our transformation as we adopt new technologies developed by innovative startups, while fostering their growth potential."
