General Motors, Magna, Wipro team up for automotive software marketplace

General Motors, auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform to buy and sell automotive software.

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software’s features and attributes can be listed.

Wipro, in a regulatory filing, disclosed an investment of $5.85 million, equating to a 27% stake in SDVerse. GM and Magna will hold a 46% and 27% stake, respectively.