The collaboration aims to fuel ‘Make in India’ initiatives for the automotive sector
MapmyIndia will integrate Qualcomm’s Snapdragon Digital Chassis solutions to develop telematics solutions and facilitate efficient connectivity for Indian automakers
Additionally, it will also integrate Qualcomm’s car-to-cloud services with MAPPLS automotive services to build a platform, aimed at managing device, data, maps, navigation and services
Geotech giant MapmyIndia
has partnered with US-based original equipment manufacturer Qualcomm Technologies to offer automotive connectivity solutions in India and overseas.
The collaboration aims to fuel ‘Make in India’ initiatives for the automotive sector, the company said in a BSE filing.
“Qualcomm Technologies, Inc., a global leader in wireless technology innovation , and MapmyIndia, India’s leading advanced digital maps and deeptech company, today announced a technology collaboration aimed at supporting the ‘Make in India’ initiative for the automotive sector,” the filing added.
As per the statement, MapmyIndia will integrate Qualcomm’s Snapdragon Digital Chassis solutions including its auto connectivity platform to develop telematics solutions and facilitate efficient connectivity for Indian automakers.
Additionally, it will also integrate Qualcomm’s car-to-cloud services with MAPPLS automotive services to build a platform, aimed at managing device, data, maps, navigation and services.
“Our work with Qualcomm Technologies allows us to bring affordable, state-of-the-art telematics solutions to a broader segment of vehicles. This will enhance the driving experience for Indian consumers by enabling features that were previously available only in premium vehicles,” said MapmyIndia’s founder and chief managing director Rakesh Verma.
This partnership comes at a time when MapmyIndia is on an expansion spree. Last month, the listed major infused $4 Mn (around INR 33.8 Cr) to pick up 40% stake in its joint venture (JV) with Hyundai AutoEver, called PT Terra Link Technologies.
During the same time, MapmyIndia also picked up a 19.84% stake in location intelligence platform Kaiinos Geo Spatial Technologies Private Ltd by infusing INR 2 Cr.
Additionally, the board of MapmyIndia also approved the company’s proposal to invest an additional $0.5 Mn in its subsidiary CE International in one or more tranches. Besides, the company will also invest INR 3 Cr to acquire 9.37% stake in SaaS platform for automobiles SimDaaS Autonomy Private Ltd.
In November 2024, MapmyIndia’s chief executive officer and executive director Rohan Verma resigned from his position to form a new B2C business.
The geotech startup posted a 8% decline in its consolidated profit after tax (PAT) to INR 30.35 Cr in the second quarter of FY25 from INR 33.09 Cr in the year-ago period. Meanwhile, its revenue from operations rose 14% to INR 103.67 Cr in the quarter under review, against INR 91.08 Cr in Q2 FY24.