Qualcomm Technologies has joined as a strategic minority shareholder in Qorix GmbH, partnering with KPIT Technologies Limited and ZF Friedrichshafen AG who remain as significant shareholders.
14 Mar 2025 | 1044 Views | By Angitha Suresh
KPIT Technologies announced today that Qualcomm Ventures LLC has been introduced as the third shareholder in Qorix GmbH, a joint venture originally formed between KPIT and ZF. According to the disclosure filed with stock exchanges, Qualcomm has an option to increase its shareholding with an investment of up to €10 ...
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KPIT Technologies announced today that Qualcomm Ventures LLC has been introduced as the third shareholder in Qorix GmbH, a joint venture originally formed between KPIT and ZF. According to the disclosure filed with stock exchanges, Qualcomm has an option to increase its shareholding with an investment of up to €10 million.
The partnership aims to advance the industry's movement toward Software-Defined Vehicles (SDVs) by delivering "high performance, pre-integrated and scalable solutions designed to enable OEMs and Tier-1 suppliers to develop next generation vehicles faster and efficiently."
As part of the agreement, Qualcomm will have the right to appoint one member to the Advisory Board of Qorix.
Qorix GmbH was initially established as a 100% KPIT subsidiary focused on creating a world-class automotive middleware stack. The joint venture between KPIT and ZF was approved by KPIT's Board of Directors on April 26, 2023.
Qorix's development progressed with the incorporation of wholly owned step-down subsidiary "QORIX INDIA PRIVATE LIMITED" by Qorix GmbH following merger control approvals in May 2024. The following month, equity contribution and transfer of relevant Intellectual Property Rights to Qorix GmbH took place. By late June 2024, ZF completed its initial cash and IP contributions, resulting in Qorix GmbH becoming a 50:50 joint venture between KPIT and ZF.
The extract of registration for introducing Qualcomm as the third shareholder in Qorix GmbH was issued by the German Commercial Register and received by KPIT on March 13, 2025.
This strategic partnership brings together expertise from three industry leaders to strengthen Qorix's position in providing middleware solutions for the rapidly evolving market of Software-Defined Vehicles.