The company plans to combine Sibros’ cloud-based platform with its own products to enable features such as software and firmware updates, vehicle data collection for analysis, diagnostics remote and troubleshooting for car manufacturers.
Automakers today offer a growing range of connected vehicle solutions, especially for electric vehicles (EVs), including regular software updates like those received in smartphones.
“We believe the next generation of connected vehicles will be software and data intensive and will require a full suite of cloud and in-vehicle software to introduce new features and keep them up to date to maximize performance, efficiency, safety and security. security,” Vikram Mohan, chief executive of Pricol said in a statement. “With Sibros, we have found an ideal partner that brings the best of the connected vehicle solution suite with a global perspective.”
The Sibros Deep Connected Platform (DCP) is a vertically integrated cloud vehicle system combining embedded firmware and SaaS applications, according to the statement. The California-based company recently raised $70 million in its Series B funding round from Energy Impact Partners (EIP), Google, Qualcomm Ventures, Fontinalis Partners, Iron Pillar, Nexus Venture Partners and Moneta Ventures.
Share of Pricol Ltd closed up 0.13% on BSE on Wednesday at Rs 118. The benchmark Sensex closed down 0.12%.