“The startup partners and pilot projects showcased today prove that an intra-preneurship mindset and results-driven innovation can make a difference.”
Stellantis N.V. today awarded seven technology startups with the first-ever Stellantis Startup Awards. It said that this is a way of “recognizing the value of partnership between the Company and the best startup partners in seven different areas.
The mega-merger of FCA and PSA, used a digital event to “demonstrate the Company’s commitment to advancing its Dare Forward 2030 ambition of embracing breakthrough ideas and customer-centric innovations that enable clean, safe and affordable mobility for all.”
Since the creation of Stellantis in January 2021, the Company has engaged with hundreds of startups and signed more than 40 contracts. Stellantis’ top executives, including Chief Technology Officer Ned Curic, presented each of the finalists with a customized non-fungible token (NFT) trophy. Created by the Stellantis Design Studio, the NFT is an artistic interpretation of intertwined hands expressing the concept that in turbulent times, ideas prevail.
“Our innovative partnerships, together with our dedicated, passionate and talented employees, are rapidly accelerating our drive to become a sustainable mobility tech company,” said Carlos Tavares, Stellantis CEO. “The startup partners and pilot projects showcased today prove that an intra-preneurship mindset and results-driven innovation can make a difference that truly benefits our customers, society and Stellantis.”
2022 Stellantis Startup Awards
- Customer Experience: Developed by HAAS Alert in the U.S., the Emergency Vehicle Alert System has the mission to get everyone to their destination safely and help avoid distracted driving by alerting drivers to nearby emergency vehicles and hazards in real-time. Stellantis is currently offering the technology on a limited number of Chrysler, Dodge, Jeep®, and Ram vehicles.
- Quality: Applied in Turkey, Daxium’s digitalization of a pre-delivery vehicle inspection checklist and dashboard are helping Stellantis improve its control process, as well as to ensure that the quality and delivery of its imported vehicles to the end customer achieve the highest standards. The project will soon be extended to Morocco, Egypt, Israel and Europe.
- New Business: Deployed in France on the Citroën Ami, DS E-TENSE electrified models and Peugeot 308 plug-in hybrid and in Italy on the Citroën Ami and all-electric Fiat New 500, the solution developed by the startup Demooz turns current vehicle owners into ambassadors, connecting them with potential customers to facilitate through word of mouth the discovery, access, and testing of Stellantis products.
- Automotive Tech: K.-based startup Envisics is providing more effective and timely driving information with a new generation head-up display that uses augmented reality and high-quality holographic technology. The innovative feature will be offered on Stellantis’ next generation premium and luxury vehicles.
- Industry 4.0: Applied inside the Stellantis plant in Betim, Brazil, the solution created by Phygitall uses smart watches to analyze the pattern and intensity of hand movements to optimize the manufacturing process, increasing safety, quality and efficiency.
- Supply Chain: Developed in Argentina and Brazil by JettaCargo, the software leverages artificial intelligence to simulate the optimal loading of cargo on trucks and containers. It is currently automating Stellantis’ planning and composing of ground transportation, reducing the impact of CO2 emissions and breakdown of goods in transport, while improving logistics and increasing cargo safety.
- Agility & Efficiency: Applied in India for the Citroën brand, the virtual assist developed by BlinkIN supports vehicle repair shop technicians with real-time, remote assistance from Stellantis expert engineers via smartphone, enabling the deployment of a cost-effective solution that ultimately reduces the down time for customers’ vehicles and provides a better customer experience.
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Stellantis N.V. and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (“Dongfeng”) have executed a heads of agreement (“HOA”) related to the 99.2 million common shares in Stellantis held by Dongfeng, representing 3.16% of Stellantis’ share capital on Friday 15 July 5:25 pm Eastern Time.
Under the HoA, Dongfeng may from time to time submit an offer to sell to Stellantis, all or a portion of the Stellantis common shares held by Dongfeng. Stellantis will have the right but not the obligation to accept such an offer and purchase the offered shares at the average of the closing prices per Stellantis share on Euronext Milan for the five trading day period immediately prior to the date on which Dongfeng submits the offer.
In case Dongfeng determines to dispose of any of its Stellantis common shares through an accelerated book build (ABB) process, Dongfeng will offer Stellantis the opportunity to act as a cornerstone investor in that transaction, at the offer price resulting from the ABB process.
Any purchase of Stellantis common shares by Stellantis from Dongfeng will be carried out under the authority granted by the general meeting of April 13, 2022, as possibly renewed or extended. Stellantis will inform the market if it accepts an offer from Dongfeng and agrees to purchase the offered shares.