Wipro on Tuesday announced that it has teamed up with General Motors (GM), and automotive supplier Magna to develop a B2B sales platform for buying and selling automotive software. The platform, called SDVerse, aims to revolutionize the automotive software sourcing and procurement process by providing a matchmaking platform for buyers and sellers of embedded automotive software, the company said in a regulatory filing.
Unlike the traditional captive software development approach, SDVerse focuses on connecting automotive software buyers and sellers through a transparent and efficient digital platform. Sellers can list their software’s features and attributes, while buyers can easily search and explore the available software products through a comprehensive catalogue.
Sales and purchases can be connected directly through the platform, offering a seamless experience for all participants. SDVerse is currently in development and expected to feature hundreds of automotive software products, and participants from across the automotive value chain are invited to join. In addition to the founding members, an exclusive “Launch Partner” group is already in place led by Ampere, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo.
Prashant Gulati has been named CEO of SDVerse effective March 5th, 2024. Prashant Gulati has more than two decades of experience launching and leading automotive organizations and is a thought leader in software technology, maximizing the potential of emerging technologies, such as AI, in the automotive industry.
“The market for automotive software is expected to nearly double this decade, potentially outpacing the growth of software development talent pools,” said Harmeet Chauhan, Global Head Wipro Engineering Edge, Wipro Limited. “The current paradigm for software sourcing will likely not be able to overcome this growing gap without sacrificing both profitability and the auto industry’s aspirations for software defined vehicles. SDVerse addresses these pain points, offering a wide range of benefits across the industry.”
“Automotive grade software development is rapidly transforming, and we all need to ask ourselves how we get customers really unique differentiating features faster. Part of that is identifying the common underlying code that can be shared in the name of higher quality and lower costs for our end customers,” said Dan Nicholson, Vice President, Strategic Technology Initiatives, General Motors. “This first-ever software marketplace creates an independent, industry-driven one-stop-shop for embedded systems software, significantly expanding access to new innovations, helping to drive down cost, and allowing companies like GM to implement critical software more quickly.”
Potential key subscriber benefits of SDVerse include:
• Reduced cost, time, and complexity, by eliminating duplication of efforts, enabling reuse of already developed software, and allowing higher economies of scale by bundling software orders through multiple clients.
• Higher quality of software, which has already undergone increased cycles of testing and validation. Additionally, the free-market approach improves customer vehicle quality through competition.
• Improved resource allocation, which allows OEMs and suppliers to deploy engineering resources to innovate in areas that improve and differentiate driver and passenger experiences, and minimize time spent ‘reinventing the wheel’.
• Improved revenue for sellers, through an expanded client base and opportunities to monetize existing IP.
• New approach to software sourcing, allowing companies to source software separately from hardware, and to create an attractive alternative to OEM insourcing of software development.
Magna’s participation in SDVerse is driven by our ongoing commitment to foster collaboration and drive the automotive industry forward,” said Joerg Grotendorst, Senior Vice President, Corporate R&D at Magna. “By embracing this innovative platform, we aim to create a more interconnected ecosystem that encourages OEMs, suppliers, and specialty software developers to collaborate and co-create cutting-edge solutions. SDVerse represents a transformative opportunity to revolutionize software development, sales, and sourcing processes, ultimately accelerating the industry’s transition to the software-defined vehicle.”
GM, Magna, and Wipro collectively designed and developed SDVerse, which will be governed collaboratively by the founding members. Global strategy consultant Roland Berger has served as the project’s strategic advisor since the program’s inception.
