Volkswagen Group of America and Aeris, a technology leader in the Internet of Things (IoT), have announced the formation of Ventic LLC, a joint venture that will develop and operate connected vehicle platform technologies.
The JV will focus on Volkswagen brand vehicles in North America, starting with the launch of the next generation Car-Net in most MY20 vehicles.
Ventic is jointly owned, with 51 percent split to Volkswagen and 49 percent to Aeris.
Abdallah Shanti, Global CIO, Volkswagen Brand, and Member of the Board, Ventic LLC. says: “Our connectivity platform expands beyond remote services and vehicle safety and security. This platform has inherent flexibility which enables new business models through third-party integration and is foundational for V2X communications. Furthermore, this platform will serve our customers with delightful and useful functions, as well as being a gateway to other digital ecosystems.”
Raj Kanaya, General Manager of Automotive and Chief Marketing Officer, Aeris, and Member of the Board, Ventic LLC., adds: “The connected vehicle is at the center of the game-changing trends in the industry – autonomous, electric, shared. Through Ventic, we’re excited to be on this journey with Volkswagen.”
VW says the JV gives it the ability to manage the connected car program on a single platform, while preserving the ability to deploy solutions that differ based on region or vehicle model.
Aeris is a leading player in the market of the Internet of Things with a proven history of helping companies unlock value through connected technologies.