Baker McKenzie advised Széchenyi Funds (Széchenyi Tőkealapok) and Lead Ventures on their exit in the transaction that saw Stellantis acquire aiMotive, with both Széchenyi Funds and Lead Ventures selling their shares in aiMotive to Stellantis. The legal team was led by Ákos Fehérváry, Co-Head of the Corporate/M&A team in Budapest and Tino Marz, Counsel in Munich.
Stellantis is an automotive manufacturing corporation that aims to enhance its artificial intelligence and autonomous driving core technology with the acquisition of aiMotive, a startup company based in Budapest, Hungary, with offices in Germany, the United States and Japan, with over 200 highly skilled employees worldwide. Further to the acquisition, aiMotive will operate as a subsidiary of Stellantis, maintaining its operational independence and startup culture. It will continue selling three areas of its current technology product portfolio, including aiData, aiSim and aiWare, to other partners.