Volkswagen is evaluating a potential capital increase for its autonomous mobility unit ADMT, which oversees the Group’s robotaxi initiative under the Moia brand, as part of a broader review of its corporate holdings, sources familiar with the matter told Manager Magazin.
The German carmaker has begun seeking strategic and financial investors for ADMT, with discussions centred around the sale of a minority stake. The move is intended to strengthen the unit’s capacity for future growth while maintaining control. ADMT provides autonomous mobility services using vehicles such as the ID. Buzz AD, along with fleet management, sensor technology, and related software.
“Bringing in a strategic partner and potentially financial investors would be beneficial,” ADMT CEO Christian Senger was quoted as saying in the report, adding that Volkswagen views the robotaxi business as a long-term revenue generator with the potential to bring in billions globally.
While the autonomous driving business is currently at the forefront of Volkswagen’s efforts to attract outside capital, the Group is also assessing options for other subsidiaries. These include Porsche’s IT consultancy MHP and engineering services provider IAV. Discussions are reportedly underway concerning lesser-known investments such as engine supplier Everllence and software firm Applied Intuition.
Internally, debates over the future of Everllence have reportedly caused friction. Despite achieving a nine per cent return last year, its possible sale has raised concerns among Group executives. The recent departure of HR Director Gunnar Kilian, who had chaired Everllence’s supervisory board, is believed to be related to these internal disagreements.
Volkswagen is not currently pursuing outside investment in its core car brands or in PowerCo, its battery cell subsidiary. Although speculation has surfaced about potential third-party involvement in PowerCo to offset development costs, Group leadership intends to delay such discussions until battery production reaches stable output.
The proceeds from any partial divestitures are expected to support Volkswagen’s strategic investment in autonomous driving, electrification, and next-generation vehicle technologies. Amid weakening profit margins in traditional brands such as Audi and Porsche, the company is reviewing what it should retain long-term.
In April, CEO Oliver Blume said the Group was actively reassessing its portfolio under the question: “What do we still want to own ourselves in future?” That review is now being led by a team of former investment bankers and consultants as Volkswagen looks to balance capital needs with long-term positioning in a rapidly evolving industry.
