Valeo has recently become a part of SDVerse founders GM, Magna and Wipro and other launch partners to bring software developers and mobility players together in a matchmaking platform aimed at transparency and interoperability.
The group will bring its innovative software solutions to the newly announced platform later this year.
In addition to the founding members, an exclusive ‘Launch Partner’ group is already in place led by Ren ault Group’s Ampere, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo.
The new automotive software marketplace aims to bring buyers and sellers together to accelerate the development process of software-defined vehicles.
SDVerse is billed to be a game-changing buying and selling marketplace focused on the commercialization of automotive software, enabling the software-defined future of the industry.
This independent marketplace was developed in collaboration between GM, Magna, and Wipro, and is available to all OEMs, suppliers, and other companies with relevant software offerings and tools.
Once a connection is made between a buyer and seller, negotiations and financial transactions take place outside of the marketplace. SDVerse follows an annual subscription fee model – it does not charge any fees for buying or selling products on the marketplace.
“We are at the heart of the software defined vehicle revolution, and we are excited about joining the diverse group of members of SDVerse,” said Valeo North American President Jeffrey Shay. “As we accelerate toward electrification and autonomous driving, the software marketplace will make it easier for customers to define and acquire the specific software solutions they need, and we feel confident Valeo technology will shine. “
With the development of electric, autonomous and connected cars, software has become a key component to modern mobility, and car manufacturers are moving from a hardware-based architecture to a software-based architecture, the Software Defined Vehicle.
Valeo, which has more than 30 years of experience in providing software solutions for safer, cleaner, affordable mobility, has one of the largest software offerings in the market, including embedded software and software as a product and as a service.
Today, more than 40% of Valeo’s 20,000 engineers are dedicated to software and systems and the company is implementing further expansion. In North America, Valeo currently has 60 software engineers working at its North American headquarters in Troy, Mich and its Mobility Tech Center in San Mateo, Calif.
With a new technical centre in Queretaro, Mexico opening in early 2024, that number will jump to more than 300, with an expectation to grow to 800 over the next few years.