Wipro Engineering Edge Partners with Spartan Radar to Enhance Assisted and Automated Driving Solutions on its 'Cloud Car' Platform

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced a partnership between its Engineering Edge business line and Spartan Radar, an automated mobility sensor software provider, to build advanced vehicle solutions. In conjunction with this agreement, Wipro Ventures, Wipro's corporate investment arm, announced that it has invested in Spartan Radar's Series B funding round.

The partnership, and investment, will allow Wipro to leverage Spartan Radar's software-defined 4D imaging radar technology to build next-generation Advanced Driver Assistance Systems (ADAS) on the Wipro Cloud Car platform. The joint solution will be available to Automotive Original Equipment Manufacturers (OEMs) and their direct suppliers (Tier 1 suppliers) to enable assisted and automated driving solutions. These unique, cost-effective solutions will enhance safety and allow drivers to upgrade their cars with the features they desire.

"Most vehicles come with pre-set ADAS features that cannot be upgraded or retrofitted," said Thomas Mueller, Chief Technology Officer, Wipro Engineering Edge. "Our goal is to enable OEMs to install a highly capable, affordable, sensing stack on every single vehicle, thus making every car capable of advanced driver support and conditional autonomous driving. Our Cloud Car platform will bring Spartan technology to leading OEMs and Tier 1s, helping them deliver futureready, cost-effective ADAS that support seamless scalability."

"Spartan fills the gaps in today's ADAS and tomorrow's autonomous vehicles," said Nathan Mintz, Chief Executive Officer and Co-Founder of Spartan. "Our mission is to fundamentally resolve the shortcomings of radars, such as poor resolution, minimum range, and AI integration to create a disruptive, software-enabled 4D high-resolution imaging radar. Working with the Wipro Cloud Car team will allow us to equip the sector with high-quality safety improvements that are cost-effective."

In addition, Spartan products will be integrated into Wipro's Cloud Car Data Engine and AI pipeline IP, allowing OEMs to deliver on-demand ADAS features. This partnership will enable automotive manufacturers to build cars that continuously improve.

Shares of Wipro Limited was last trading in BSE at Rs. 399.60 as compared to the previous close of Rs. 397.75. The total number of shares traded during the day was 349291 in over 10915 trades.

The stock hit an intraday high of Rs. 400.30 and intraday low of 393.30. The net turnover during the day was Rs. 139025809.00.

Source : Equity Bulls

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Wipro INE075A01022 WIT Partnership SpartanRadar