Stellantis Establishes New 'Mobilisights' Independent Business Unit

Stellantis NV 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."
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Price Action: STLA shares are trading lower by 1.19% at $14.99 in premarket on the last check Friday.
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