Maruti Suzuki India has invested over Rs 1.99 crore in Amlgo Labs, a technology-led startup. With this, Maruti Suzuki will own an equity stake of over 6.44% in the startup.
The startup operates in the area of data analytics, cloud engineering, Machine Learning (ML) and Artificial Intelligence (AI), to assist companies in data-driven decision making.
The investment is being made through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups which exhibit high levels of technological innovation.
This is the second such investment by the OEM. Earlier to this, Maruti Suzuki India invested in Sociograph Solutions in June 2022.
Hisashi Takeuchi, MD & CEO, Maruti Suzuki India said, “We have been working with startups since 2019, as a part of the Maruti Suzuki Innovation program. Aligned with the Government’s #StartUpIndia initiative, we are actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to the automobile industry. Our investment in Amlgo Labs will help us to further strengthen quality of new models, using advanced analytics and machine learning.”
Ajay Yadav, Founder, Amlgo Labs said, “Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations. Combining our expertise in Data Analytics, Machine Learning and Artificial Intelligence based solutions, with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering.”
