Blue Cloud Softech Solutions teams up with ConnectM for smarter car tech
Blue Cloud Softech Solutions (BCSSL) just announced a Memorandum of Understanding (MoU) with ConnectM Technology Solutions Pvt Ltd, and their stock jumped 3%.
The goal? Build advanced EdgeAI System-on-Chip (SoC) solutions to boost cybersecurity in electric and connected vehicles—think safer, smarter cars with real-time threat detection.
What's the deal about?
BCSSL will handle the design and development of these EdgeAI System-on-Chip (SoC) solutions, which promise features like real-time threat detection and stronger digital defenses.
They'll split profits 50:50 after costs, and if all goes well, this could mean $50 million in business from 2026 to 2030.
BCSSL keeps its core intellectual property but customizes it for ConnectM's platforms.
Quick look at BCSSL's numbers
Even though BCSSL made ₹15 crore profit on ₹253 crore revenue last quarter, their shares took a big hit since August but bounced back a bit in December.
About 42% of the company is held by regular investors—so lots of everyday people are watching where this goes.