MILAN — Stellantis has agreed to purchase aiMotive, a developer of superior synthetic intelligence and autonomous driving software program, to advance its know-how growth efforts, the corporate mentioned in a press release.

No monetary particulars of the transaction have been disclosed.

The acquisition enhances Stellantis’ synthetic intelligence and autonomous driving core know-how, expands its world expertise pool, and boosts the mid-term growth of its all-new STLA AutoDrive platform, the corporate added within the assertion.

The deal additionally helps Stellantis’ ambition to generate round 20 billion euros ($20.75 billion) in extra annual revenues by 2030 from software-enabled product choices and subscriptions.

Budapest-based aiMotive has places of work in Germany, the U.S. and Japan and employs over 200 staff worldwide, together with engineers with superior synthetic intelligence and autonomous driving experience.

The startup will function as a subsidiary of Stellantis, sustaining its operational independence and tradition. Founder László Kishonti will stay as CEO. Kishonti is a 2019 Automotive Information Europe Rising Star.

The startup will proceed promoting three areas of its present know-how product portfolio, together with aiData, aiSim and aiWare, to different companions, the assertion mentioned.