The mobility sector as a whole is experiencing one of the most profound transformations in its history. The definitive commitment to the electrification and digitization of vehicles It is going to cause unprecedented disruptions that are already affecting all segments of this century-old business.
The heart and brain of this industry are changing at breakneck speed, triggering investments in R&D&I by companies that aspire to lead the next era of mobility. The necessary developments require annual investments valued in billions. All this in a complex context in which the semiconductor crisis is not exactly making things easy.
This has caused that, for the spring time in a long time, some companies are going to go to the markets in search of resources. A path chosen by two companies that want to have a say in the future of mobility: Volkswagen and Intel.
Both have announced their intention to launch spin offs of its battery business, in the case of the German company, and of its autonomous driving division framed in Mobileye, in the case of the Californian company, to raise billions that allow them to reinforce and accelerate their plans. A call that comes at a time when many funds are putting all the meat on the grill both in the field of sustainability and in that of artificial intelligence.
A key division for Volkswagen
The ambitious goals in terms of sustainability projected by the main Western governments have accelerated the transition from traditional thermal motorizations to electric ones for more than a decade. This turnaround has caused the batteries that accumulate the energy provided by the energy of the new generation of models to become the central element of the business.
So much so that, overnight, the main players in the automotive sector have launched a race to ensure both the production and supplies of these components. The Volkswagen group has announced its intention to have six gigafactories over the next decade.
The German company has confirmed that it is preparing its battery division to adapt it to a potential exit to the markets. Herbert Diess, CEO of the company, detailed part of this plan during the presentation of its new investment plan for the next five years. A measure with which it intends to incorporate external partners.
The first estimates for the volume of the operation point to a significant fundraising. Specifically, the German giant hopes that the IPO of its battery division would allow him to capture more than 20,000 million in the markets. An amount that would secure your investment needs for the next decade.
The future mobility operating system
Intel, for its part, wants to follow a similar path that will allow it to position itself as one of the key players in the future mobility operating system. The Californian company announced that it will take Mobileye publichis company specialized in artificial intelligence that he acquired for 15,000 million dollars in 2017.
The chipmaker will remain the majority shareholder of the company whose IPO expects to raise 25,000 million dollars. The operation is expected in 2022 and comes at a time when Mobileye’s revenue grew 40% over the past year. A public offering that has already captured the attention of the stock market.
Founded in 1999 by Amnon Shashua in Israel, this technology company develops technology focused on helping vehicles navigate autonomously. Currently, companies like Nissan, Volkswagen or Ford use the latest generation Mobileye chips in some of its most advanced models.
The giants of mobility look to the Stock Exchange to point out their strategies for a few years that will be key. The next decade will determine which companies go on to lead a new era in which components such as batteries or artificial intelligence they will no longer play a residual role in defining the capabilities of one of the products that most affects citizens’ day-to-day lives.