GM, Magna, and Wipro Launch SDVerse for Automotive Software Sales

The new platform aims to simplify the procurement process and meet the surging demand for automotive software.

General Motors, Magna International, and Wipro have partnered to create SDVerse, a platform for buying and selling automotive software.
SDVerse aims to revolutionize the automotive software sourcing and procurement process, offering a matchmaking service for buyers and sellers.
The platform is expected to feature hundreds of automotive software products and is currently in development, with an official launch planned for later this year.
GM will hold a 46% stake in SDVerse, while Magna and Wipro will each have a 27% stake. The transaction is expected to be completed before the end of March.
The initiative reflects the growing demand for automotive software, which is expected to nearly double this decade.