Stellantis Invests In 11 Sustainable Mobility Ventures - What's On The Cards?

Stellantis NV STLA said its corporate venture fund, Stellantis Ventures, has invested in startups to support and amplify the execution of the Dare Forward 2030 strategic plan.

Ten startup companies and one mobility venture fund have been considered so far as its first key investments. 

The investments are based on three core pillars namely, Care, Tech and Value.

Three of the projects backed by Stellantis Ventures are launching this year.

Also Read: Stellantis, Galloo Plan Joint Venture For End-Of-Life Vehicle Recycling

Dare Forward 2030 sets out a series of important targets, led by deep emission cuts to slash CO2 in half by 2030 and achieve carbon net zero by 2038.

Core targets for Dare Forward 2030 also include 100% of passenger car sales in Europe and 50% of passenger car and light-duty truck sales in the U.S. to be BEVs by the end of the decade.

Also, Stellantis aims to double Net Revenues by 2030 (versus 2021) and sustain double-digit Adjusted Operating Income margins throughout the decade.

Also Read: EVs On The Go - Merchants Fleet To Buy 12,500 All-New Ram ProMaster Electric Vans From Stellantis

Price Action: STLA shares are trading higher by 1.35% at $17.21 on the last check Thursday.