BENGALURU, India, Sept. 25, 2024 /PRNewswire/ -- Infosys (NSE:
INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced a strategic
collaboration with Polestar (NASDAQ: PSNY), the Swedish
electric performance car brand. This engagement aims to create a
base for Polestar's development of in-car infotainment, Software
and Electrical / Electronics (SW&EE) engineering, user
experience (UX), and cloud-powered digital services. Infosys will
also leverage in-tech, its latest acquisition in the R&D space,
to complement the engagement.
Infosys will establish a global technology hub for Polestar at
its development center in Bengaluru, India. This hub aims to deliver electric
vehicle (EV) software development and validation across many
domains including infotainment, Advanced Driver Assistance Systems
(ADAS), and telematics. It also supports Polestar's product
management, customer engagement, corporate solutions, and
accelerates direct-to-consumer digital services through
cloud-native development, testing, and data engineering. Polestar
will benefit from leveraging Infosys' strategic assets like
engineering labs, design studio, and Infosys Living Labs to enhance
innovation.
Maria Lexe, Head of Digital at Polestar, said, "Polestar
is excited to partner with Infosys to establish a tech hub in
India. Infosys has a successful
background with similar operations, and we are confident in their
ability to lead this tech hub in order to generate IT efficiencies
and empower innovation."
Sven Bauer, Head of Software
at Polestar, said, "Polestar is starting a new chapter in the
company's global setup with our partner Infosys in Bengaluru. We
look forward to building automotive competence in the Polestar Tech
Hub to support our growing vehicle portfolio and new model
launches."
Jasmeet Singh, Executive Vice
President and Global Head of Manufacturing, Infosys, said, "We
are excited to announce our partnership with Polestar for their
strategic India Tech Hub initiative. We believe that this
collaboration will enhance Polestar's digital roadmap by leveraging
India's well-regarded software and
automotive engineering talent pool. Building on Infosys' extensive
experience in automotive engineering, digital transformation, and
global delivery leadership, we aim to bring the infrastructure and
innovation to co-create next generation EV capabilities. We will
work closely with Polestar's global design and development hubs to
set new standards in next-gen mobility."
About Polestar
Polestar (NASDAQ: PSNY) is the Swedish electric performance car
brand determined to improve society by using design and technology
to accelerate the shift to sustainable mobility. Headquartered in
Gothenburg, Sweden, its cars are
available online in 27 markets globally across North America, Europe and Asia
Pacific.
Polestar plans to have a line-up of five performance EVs by
2026. Polestar 2, the electric performance fastback, launched in
2019. Polestar 3, the SUV for the electric age, launched in late
2022. Polestar 4, the SUV coupé transformed, is launching in phases
through 2023 and into 2024. Polestar 5, an electric four-door GT
and Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project supports the company's ambitious goal of
creating a truly climate-neutral production car by 2030. The
research initiative also aims to create a sense of urgency to act
on the climate crisis, by challenging employees, suppliers and the
wider automotive industry, to drive towards zero.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE,
NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy,
increased competition for talent, our ability to attract and retain
personnel, increase in wages, investments to reskill our employees,
our ability to effectively implement a hybrid work model, economic
uncertainties and geo-political situations, technological
disruptions and innovations such as Generative AI, the complex and
evolving regulatory landscape including immigration regulation
changes, our ESG vision, our capital allocation policy and
expectations concerning our market position, future operations,
margins, profitability, liquidity, capital resources, our corporate
actions including acquisitions, and cybersecurity matters.
Important factors that may cause actual results or outcomes to
differ from those implied by the forward-looking statements are
discussed in more detail in our US Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2024.
These filings are available at www.sec.gov. Infosys may, from
time to time, make additional written and oral forward-looking
statements, including statements contained in the Company's filings
with the Securities and Exchange Commission and our reports to
shareholders. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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