PARIS — Stellantis is creating a new business unit to help expand its data services business, part of its plans to generate at least 20 billion euros ($21.1 billion) from software-related activities by the year 2030.
The new unit, called Mobilisights, will license data to a wide range of clients, including rival carmakers, building on Stellantis’ connected vehicles, which are expected to reach 34 million by 2030. from about 12 million now.
Sanjiv Ghate, CEO of Mobilisights, told reporters Thursday during the CES show in Las Vegas that the business can help reduce accidents, for example, by relaying information about road hazards and also allow insurance products to be better tailored to individual drivers. Such data may be licensed to other vehicle manufacturers.
Creating a separate unit should make it easier to create partnerships, added Ghate, who joined Stellantis last year from digital mapping company Here and is based in the San Francisco area. He said third-party developers would be crucial to providing data-driven applications and services.
Mobilisights will be a major contributor to the 20 billion euros in annual incremental revenue that Stellantis expects from software-related services by 2030, the company said in an announcement at the CES convention in Las Vegas.
Ghate would not be specific about how much revenue Mobilisights is expected to contribute, but said Stellantis had a number of software units that would each generate “north of a billion dollars.”
It is the second of seven new value-added business units planned by Stellantis, whose brands include Fiat, Peugeot and Jeep. The first was the Circular Economy business, aiming to use more recycled material in production.