Stellantis Ventures Invests In SteerLight, Developer Of Cost-Effective Lidar Technology For Advanced Driver Assistance Systems
Portfolio Pulse from Benzinga Newsdesk
Stellantis Ventures has invested in SteerLight, a developer of innovative, cost-effective LiDAR technology for advanced driver assistance systems (ADAS). SteerLight's on-chip LiDAR offers exceptional sensing precision and resolution, making it a compact and affordable solution that aligns with Stellantis' Dare Forward 2030 strategic plan for clean, safe, and affordable mobility.
March 20, 2024 | 7:07 am
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Stellantis' investment in SteerLight, a developer of cost-effective LiDAR technology, could enhance its position in the advanced driver assistance systems market, aligning with its strategic goals for 2030.
Stellantis' investment in SteerLight indicates a strategic move to enhance its technological capabilities in the ADAS market, which is expected to grow significantly. The focus on cost-effective and innovative LiDAR technology could give Stellantis a competitive edge in developing more accessible and advanced mobility solutions, directly impacting its stock positively in the short term.
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