Cummins Joins SDVerse as a Premier Partner of its One-of-a-Kind Automotive Software Marketplace
2024年7月25日 - 2:00AM
SDVerse, a marketplace for buyers and sellers of automotive
software, on July 24th, 2024, announced that global power
technology leader Cummins Inc. has joined the first-ever software
marketplace, SDVerse, as Premier Partner. With this partnership,
Cummins will gain access to innovative solutions, accelerating
development with faster procurement, boosting efficiency,
performance, and profitability in commercial mobility.
SDVerse is a digital marketplace supporting the
sourcing of automotive software through discovery and matchmaking
where sellers can list their software with features and attributes,
while buyers can search and compare sellers’ available software
products. The marketplace allows for buyers and sellers to securely
communicate. Buyers can send requests for information (RFIs) to
multiple vendors simultaneously, expediting the procurement
process.
Products on the marketplace range from onboard
software across vehicle domains to offboard software, along with
tools and services. SDVerse is backed by founding members General
Motors (GM), Magna and Wipro to meet the growing demand for
automotive software and provide transparency between buyers and
sellers. SDVerse enables companies to implement automotive software
more quickly and accelerate the development process of
software-defined vehicles.
“For decades, Cummins has been at the forefront of
innovative power solutions, and joining SDVerse represents a step
forward in our dedication to advancing automotive capabilities,”
said Joan Wills, Executive Director of Software & Electronics
Engineering at CCS (Cummins Components and Software). “By
leveraging the SDVerse ecosystem, we are expecting to substantially
reduce the time and effort required to implement capabilities of
connected vehicles and deliver even greater value to our customers.
We are excited that a dynamic marketplace like SDVerse has come
into existence to address the pain points associated with the
growing demand for automotive software.”
Cummins joined SDVerse to accelerate its shift
toward a software-defined future, embracing new business models and
technologies for faster innovation. SDVerse will provide Cummins
access to buy and sell cutting-edge software, broadening their
exposure to global vendors and pushing industry-wide adoption of
standardized solutions. This partnership marks SDVerse’s entry into
the commercial vehicle industry, signaling a step toward expanding
its marketplace to cater to the demand for versatile transportation
solutions.
“Cummins is recognized as a leader in the global
power solutions industry, and their decision to join SDVerse
reinforces the customer demand and currently unfilled need for the
marketplace that SDVerse has created,” said Prashant Gulati, CEO of
SDVerse. “By streamlining the selection process for buyers and
sellers of automotive software, companies can allocate their
resources elsewhere within the company and focus on their core
competencies. With SDVerse, buyers and sellers can save up to 80%
of time spent from product discovery to quote generation, enabling
cost-savings and resource reallocation.”
SDVerse creates transparency of software offerings
and capabilities for buyers while offering an industry wide
commercial platform for automotive software for sellers. 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 its
founding members, an exclusive Launch Partner group is in place led
by Ampere (Renault Group), FEV, Forvia, HL Mando, NXP
Semiconductors, TTTech Auto and Valeo. SDVerse will officially
launch its subscription-based marketplace in Q3 2024.
About Cummins Inc.Cummins Inc., a
global power solutions leader, is comprised of five business
segments – Components, Engine, Distribution, Power Systems and
Accelera by Cummins – supported by our global manufacturing and
extensive service and support network, skilled workforce and vast
technological expertise. Cummins is committed to its Destination
Zero strategy, which is grounded in the company’s commitment to
sustainability and helping its customers successfully navigate the
energy transition with its broad portfolio of products. The
products range from advanced diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including,
aftertreatment, turbochargers, fuel systems, valvetrain
technologies, controls systems, air handling systems, automated
transmissions, axles, drivelines, brakes, suspension systems,
electric power generation systems, batteries, electrified power
systems, hydrogen production technologies and fuel cell products.
Headquartered in Columbus, Indiana (U.S.), since its founding in
1919, Cummins employs approximately 75,500 people committed to
powering a more prosperous world through three global corporate
responsibility priorities critical to healthy communities:
education, environment, and equality of opportunity. Cummins serves
its customers online, through a network of company-owned and
independent distributor locations, and through thousands of dealer
locations worldwide and earned about $735 million on sales of $34.1
billion in 2023. See how Cummins is powering a world that's always
on by accessing news releases and more information at
https://www.cummins.com/.
About SDVerseSDVerse is a
first-of-its-kind B2B marketplace for buying and selling automotive
software. Backed by founding members General Motors (GM), Magna and
Wipro, SDVerse is accelerating the future of software-defined
vehicles by providing a matchmaking marketplace for buyers and
sellers that benefits the entire automotive ecosystem. Its
standard-agnostic marketplace is available to all OEMs, suppliers
and any other company with relevant software offerings and tools.
Learn more at https://www.sdverse.auto
Media Contacts:Lauren
DanielCummins Inc.lauren.daniel@cummins.com
Allie Potter Skyya PR for SDVerse
218-766-8856sdverse@skyya.com