NDrive’s software is based on on-board map data providing a network-independent user experience. It connects to the cloud for a wide range of Location Based Services, including map updates, real-time traffic information and social networks integration. Because of its mapping and data integration skills, NDrive is able to offer premium services globally based on OpenStreetMap (OSM), maps from Here, TomTom and from local providers around the world as required. The company was founded as a spin-off of a digital map business in 2007, has headquarters in Porto, Portugal, and offices in Shenzhen, China. NDrive is owned and managed by its founding entrepreneurs, leading a talented and dynamic team of 50 people with in-depth knowledge on Navigation and Location software. The company is highly cost and capital efficient. NDrive has developed a customer base of several million active users in more than 50 countries. Is well positioned to capitalize on high-growth markets wherever they may be. Our most recent B2C application, Karta GPS, which uses data from OpenStreetMap, is being exceptionally well received and reviewed in multiple diverse markets worldwide. Since 2007, NDrive has developed navigation solutions for more than 50 partners in more than 40 countries. Through long term partnerships NDrive software is currently installed in more than 20 million devices worldwide.