New Delhi: Pune-based KPIT Technologies, a prominent software integration partner in the automotive and mobility sector, is poised to acquire a 13% stake in the Switzerland-based N-Dream AG, an emerging startup specializing in Cloud-based game aggregation platforms. The agreement includes an option for KPIT to further increase its shareholding.The transaction for the 13% equity stake is slated for completion by December 15, 2023, with KPIT committing a EUR 3 million investment in N-Dream. The approval for this acquisition was granted by the Board of Directors of KPIT Technologies during its meeting on November 9, 2023.
N-Dream, a pioneer in the in-car gaming domain, offers a proven Cloud-based game aggregation platform, including data services, to automotive OEMs worldwide. As of December 31, 2022, N-Dream reported a turnover of CHF 1.99 million, a substantial increase from CHF 0.865 million in 2021 and CHF 0.784 million in 2020.
With its headquarters in Zurich, the startup aims to revolutionize the in-car entertainment sector by utilizing Cloud OTA (over-the-air) technology, bringing the USD 152 billion mobile gaming industry to living room TVs and automotive entertainment systems.
The Cloud-based in-car game aggregation platform by N-Dream features a diverse range of casual game genres, such as edutainment, racing, and sports. Notable among its products is AirConsole, catering specifically to the automotive industry. Currently, N-Dream has a workforce of 19 employees.
This strategic investment aligns with KPIT’s roadmap to empower Automotive OEMs in enhancing the driver and passenger experience within the Cockpit of the Future. KPIT intends to provide complementary software integration and validation services to N-Dream’s automotive clients.
The collaboration between the two entities aims to deliver value-added data products for automotive OEMs, facilitating the creation of additional monetizable experiences and features. This initiative marks a significant step towards shaping the future of in-car entertainment and driving experiences.
