A Vienna-based automotive tech startup has been acquired by a Dutch multinational for €625 million, marking a significant milestone in the industry’s shift towards software-defined vehicles.
Established for its expertise in safety-critical methodologies, TTTech Auto has carved out a significant role in developing solutions that enhance automotive autonomy and connectivity, solidifying its status as a pivotal player in shaping the future of modern mobility.
“‘Notably,’ said Thomas Hermann, Chief Governmental Officer at TTTech Auto,” “”
As a spin-off from TTTech Group in 2018, TTTech Auto has dedicated itself to developing scalable and dependable platforms for software-defined vehicles. Its premier offering, MotionWise, is a sophisticated software framework engineered to seamlessly integrate safety-critical technologies within autonomous and connected vehicles. MotionWise enables automotive manufacturers to effectively address stringent security demands while simultaneously optimizing their product development cycles and expediting the introduction of new vehicles to market.
The combination of TTTech Auto’s MotionWise platform and NXP’s CoreRide platform, which incorporates S32G automotive community processors, promises a potent synergy for software-defined vehicles. When integrated with NXP’s high-performance CoreRIDE, MotionWise forms a comprehensive ecosystem capable of efficiently managing the complex demands of modern vehicles.
This integration enables real-time knowledge processing, ensuring seamless software updates, and optimizes system scalability, thereby paving the way for safer, more intelligent, and increasingly interconnected vehicles.
NXP’s strategic acquisition of TTTech Auto underscores its commitment to driving innovation in autonomous driving technologies and solidifying its position as a leader in the sector. NXP, a prominent player in the global semiconductor industry, is poised to expand its offerings in high-performance computing and automotive system architecture by leveraging TTTech Auto’s expertise.
As this deal unfolds, the escalating importance of software in the automotive sector is underscored. As vehicles evolve into increasingly connected and autonomous systems, the ability to remotely deploy software updates and new features has become an essential capability. The recent shift towards subscription-based vehicle services has triggered a significant uptick in demand for software-defined vehicles (SDVs), presenting a prime opportunity for companies like NXP and TTTech Auto to capitalize on this trend.
By 2027, the Software-Defined Vehicle (SDV) market is forecasted to reach 45% penetration of global auto production, representing a compound annual growth rate (CAGR) of 48% from 2024 to 2027 in response to TTTech Auto.
“,” stated , govt vice chairman and basic supervisor of analog & automotive embedded methods at NXP. “”
Through strategic partnerships, including those with Audi and other leading automotive players, TTTech Auto is poised to capitalize on the increased resources and technological synergies afforded by its alliance with NXP.
Subject to regulatory clearance, TTTech Auto, including its management team, intellectual property, assets, and approximately 1,100 engineers, is expected to join NXT’s automotive division. As part of NXP, TTTech Auto will continue to cater to existing clients while expanding its global presence under the NXP umbrella.
