Stellantis Ventures Invests in SteerLight’s Cutting-Edge LiDAR Technology
Stellantis Ventures, the corporate venture fund of Stellantis N.V., has made a strategic investment in SteerLight, a pioneering developer of high-performance LiDAR technology. This innovative technology utilizes silicon photonics to enhance the capabilities of LiDAR sensing systems, allowing for precise three-dimensional environmental perception at a lower production cost compared to existing solutions.
Driving Innovation in Automated Systems
The advancement of LiDAR technology by SteerLight has the potential to revolutionize automated driving and advanced driver assistance systems (ADAS) in future Stellantis brand vehicles. By significantly improving resolution and precision, the SteerLight LiDAR technology can enhance the performance of ADAS applications, aligning with Stellantis’ commitment to technological innovation.
Enabling Large-Scale Adoption of LiDAR
François Simoens, CEO of SteerLight, recognizes the value of Stellantis Ventures’ investment in driving the widespread adoption of LiDAR technology. This partnership aims to support new services within the automotive industry and advance the next generation of vehicles by leveraging SteerLight’s groundbreaking innovations.
Revolutionizing LiDAR Technology
SteerLight’s LiDAR technology, based on Frequency Modulated Continuous Wave (FMCW) principles and silicon photonics, offers a compact and robust solution for vehicle engineers. Overcoming challenges such as component size and cost, the FMCW technology provides accurate depth and velocity data while minimizing interference from the surrounding environment.
Empowering Innovation Through Stellantis Ventures
Since its establishment, Stellantis Ventures has invested in 12 startups and a mobility fund, focusing on cutting-edge technologies that enhance customer outcomes. With a commitment to sustainable growth and technological advancement, the fund plays a crucial role in driving innovation within the automotive and mobility sectors.
About Stellantis Ventures
Stellantis Ventures, with an initial investment of €300 million, is dedicated to supporting early and later-stage startup companies developing innovative technologies for the automotive and mobility industries. The fund’s dual mandate emphasizes sustainable growth and technological integration within Stellantis’ products and operations, positioning it as a key player in driving value for its portfolio members.
About Stellantis
Stellantis N.V. is a leading automaker committed to providing clean, safe, and affordable mobility solutions. With a diverse portfolio of iconic brands, Stellantis is on a mission to achieve carbon neutrality by 2038 while creating added value for all stakeholders. Learn more at www.stellantis.com.