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Stellantis (STLA) Fuels Innovation, Invests in 11 Green Startups
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Stellantis Ventures, the corporate venture fund of Stellantis (STLA - Free Report) , has made strides toward its Dare Forward 2030 strategic plan by investing in 11 innovative sustainable mobility entities, consisting of 10 startups and one undisclosed mobility venture fund. Designed to drive innovation and speed up the adoption of novel mobility technologies, these investments represent Stellantis' commitment to pioneering a sustainable future for mobility.
The three core pillars of the Dare Forward 2030 strategy — Care, Tech, and Value — underpin each investment decision. Aligned with these pillars, the funded startups offer groundbreaking technologies and solutions in the realm of sustainable manufacturing, e-mobility, carbon capture, AI and data science, vehicle analytics, and decarbonization materials platform among others.
Under the Care category, Stellantis Ventures backs three ventures — 6K, Beweelsociety, and NetZero. 6K focuses on clean, low-carbon emission material production for EV batteries and other applications. Beweelsociety, a startup rooted in Stellantis, is developing connected e-bikes and a range of services through a unique digital app, with the first e-bikes set to hit the market in the fourth quarter of 2023. NetZero specializes in long-term carbon removal from the atmosphere by turning agricultural residues into biochar, a carbon form that can improve agricultural yields and reduce the need for fertilizers.
The Tech pillar sees investments in five technology startups — Nauto, Trails Offroad, Viaduct, Geoflex, and Envisics. Nauto's safety system uses AI and computer vision technology to assess both driver behavior risk and external road risk, with its solution set to be available this summer in the United States on Stellantis commercial fleet vehicles. Trails Offroad offers a digital library of detailed offroad trail guides that can be loaded in the Jeep Uconnect system, with the service set to begin in summer 2023. Viaduct is an AI platform that improves vehicle analytics for quality and maintenance. Geoflex augments the accuracy and operation of all global navigation satellite systems receivers. Envisics pioneers dynamic holographic technologies for augmented reality head-up displays and automotive sensor systems.
Finally, in the Value pillar, investments include Electra Vehicles and Lyten. Electra Vehicles provides battery software solutions for electric mobility, using AI and machine learning to enhance battery power. Lyten has developed Lyten 3D Graphene, a decarbonization materials platform tunable for a range of advanced applications such as lightweight composites, advanced sensors, and a sustainable lithium-sulfur battery with higher energy density and lower carbon footprint.
These investments reflect Stellantis Ventures' commitment to nurturing innovation and pushing the boundaries of sustainable mobility. They mark a significant step in Stellantis' journey toward a more sustainable and customer-centric future.
Stellantis Ventures, since its inception in March 2022, has been instrumental in helping Stellantis push toward its Dare Forward 2030 targets. These ambitious goals include deep emission cuts to slash CO2 by half by 2030, ensuring that 100% of passenger car sales in Europe and 50% in the United States are battery electric vehicles (BEVs), and achieving carbon neutrality by 2038. Furthermore, the company has plans to double its net revenues by 2030 and sustain double-digit adjusted operating income margins throughout the decade. Stellantis currently carries a Zacks Rank #2 (Buy).
Other Top-Ranked Auto Stocks
Allison Transmission (ALSN - Free Report) is a manufacturer of fully-automatic transmissions for medium and heavy-duty commercial and heavy-tactical U.S. defense vehicles.
The Zacks Consensus Estimate for ALSN’s 2023 sales and earnings implies year-over-year growth of 7.5% and 19.5%, respectively. The company surpassed earnings estimates in three out of four trailing quarters and missed once, the average surprise being 12.8%. The stock currently flaunts a Zacks Rank #1 (Strong Buy).
Li Auto (LI - Free Report) is a China-based company that designs, develops, manufactures, and sells premium smart electric SUVs.
The Zacks Consensus Estimate for LI’s 2023 sales and earnings implies year-over-year growth of 131% and 2,400%, respectively. The consensus mark for 2024 sales and profit implies year-over-year growth of 49.24% and 1,332%, respectively. The stock currently flaunts a Zacks Rank #1.
Wabash National Corporation (WNC - Free Report) designs, manufactures, and services products such as dry freight and refrigerated trailers, tank trailers, dry and refrigerated truck bodies, trailer aerodynamic solutions, and much more.
The Zacks Consensus Estimate for WNC’s 2023 sales earnings implies year-over-year growth of 12% and 90.7%. The company surpassed the earnings estimates in three out of four trailing quarters and missed once, the average surprise being 43.8%. The stock currently flaunts a Zacks Rank #1.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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Stellantis (STLA) Fuels Innovation, Invests in 11 Green Startups
Stellantis Ventures, the corporate venture fund of Stellantis (STLA - Free Report) , has made strides toward its Dare Forward 2030 strategic plan by investing in 11 innovative sustainable mobility entities, consisting of 10 startups and one undisclosed mobility venture fund. Designed to drive innovation and speed up the adoption of novel mobility technologies, these investments represent Stellantis' commitment to pioneering a sustainable future for mobility.
The three core pillars of the Dare Forward 2030 strategy — Care, Tech, and Value — underpin each investment decision. Aligned with these pillars, the funded startups offer groundbreaking technologies and solutions in the realm of sustainable manufacturing, e-mobility, carbon capture, AI and data science, vehicle analytics, and decarbonization materials platform among others.
Under the Care category, Stellantis Ventures backs three ventures — 6K, Beweelsociety, and NetZero. 6K focuses on clean, low-carbon emission material production for EV batteries and other applications. Beweelsociety, a startup rooted in Stellantis, is developing connected e-bikes and a range of services through a unique digital app, with the first e-bikes set to hit the market in the fourth quarter of 2023. NetZero specializes in long-term carbon removal from the atmosphere by turning agricultural residues into biochar, a carbon form that can improve agricultural yields and reduce the need for fertilizers.
The Tech pillar sees investments in five technology startups — Nauto, Trails Offroad, Viaduct, Geoflex, and Envisics. Nauto's safety system uses AI and computer vision technology to assess both driver behavior risk and external road risk, with its solution set to be available this summer in the United States on Stellantis commercial fleet vehicles. Trails Offroad offers a digital library of detailed offroad trail guides that can be loaded in the Jeep Uconnect system, with the service set to begin in summer 2023. Viaduct is an AI platform that improves vehicle analytics for quality and maintenance. Geoflex augments the accuracy and operation of all global navigation satellite systems receivers. Envisics pioneers dynamic holographic technologies for augmented reality head-up displays and automotive sensor systems.
Finally, in the Value pillar, investments include Electra Vehicles and Lyten. Electra Vehicles provides battery software solutions for electric mobility, using AI and machine learning to enhance battery power. Lyten has developed Lyten 3D Graphene, a decarbonization materials platform tunable for a range of advanced applications such as lightweight composites, advanced sensors, and a sustainable lithium-sulfur battery with higher energy density and lower carbon footprint.
These investments reflect Stellantis Ventures' commitment to nurturing innovation and pushing the boundaries of sustainable mobility. They mark a significant step in Stellantis' journey toward a more sustainable and customer-centric future.
Stellantis Ventures, since its inception in March 2022, has been instrumental in helping Stellantis push toward its Dare Forward 2030 targets. These ambitious goals include deep emission cuts to slash CO2 by half by 2030, ensuring that 100% of passenger car sales in Europe and 50% in the United States are battery electric vehicles (BEVs), and achieving carbon neutrality by 2038. Furthermore, the company has plans to double its net revenues by 2030 and sustain double-digit adjusted operating income margins throughout the decade. Stellantis currently carries a Zacks Rank #2 (Buy).
Other Top-Ranked Auto Stocks
Allison Transmission (ALSN - Free Report) is a manufacturer of fully-automatic transmissions for medium and heavy-duty commercial and heavy-tactical U.S. defense vehicles.
The Zacks Consensus Estimate for ALSN’s 2023 sales and earnings implies year-over-year growth of 7.5% and 19.5%, respectively. The company surpassed earnings estimates in three out of four trailing quarters and missed once, the average surprise being 12.8%. The stock currently flaunts a Zacks Rank #1 (Strong Buy).
Li Auto (LI - Free Report) is a China-based company that designs, develops, manufactures, and sells premium smart electric SUVs.
The Zacks Consensus Estimate for LI’s 2023 sales and earnings implies year-over-year growth of 131% and 2,400%, respectively. The consensus mark for 2024 sales and profit implies year-over-year growth of 49.24% and 1,332%, respectively. The stock currently flaunts a Zacks Rank #1.
Wabash National Corporation (WNC - Free Report) designs, manufactures, and services products such as dry freight and refrigerated trailers, tank trailers, dry and refrigerated truck bodies, trailer aerodynamic solutions, and much more.
The Zacks Consensus Estimate for WNC’s 2023 sales earnings implies year-over-year growth of 12% and 90.7%. The company surpassed the earnings estimates in three out of four trailing quarters and missed once, the average surprise being 43.8%. The stock currently flaunts a Zacks Rank #1.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.