Maruti Suzuki India Limited has revealed an investment exceeding INR 1.99 crore in Amlgo Labs Private Limited, a technology-driven startup. The startup specializes in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI) to aid companies in making data-driven decisions. Through this investment, Maruti Suzuki will acquire an equity stake of over 6.44% in the startup.
Key highlights :
- Maruti Suzuki India Limited plans to invest over INR 1.99 crore in Amlgo Labs Private Limited.
- This marks Maruti Suzuki’s second investment in a startup.
- The investment aligns with the Government’s Startup India initiative.
The investment is facilitated through the Maruti Suzuki Innovation Fund, which aims to make strategic investments in startups demonstrating high levels of technological innovation. This marks the company’s second such investment, following its previous investment in Sociograph Solutions Private Limited in June 2022.
Mr. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited, stated, “We have been collaborating with startups since 2019 as part of the Maruti Suzuki Innovation program. Aligned with the Government’s StartupIndia initiative, we are actively contributing to bolstering the startup ecosystem and promoting innovation to develop solutions relevant to the automobile industry. Our investment in Amlgo Labs Private Limited will aid us in further enhancing the quality of new models using advanced analytics and machine learning.”
Mr. Ajay Yadav, Founder of Amlgo Labs Private Limited, expressed, “Our partnership with Maruti Suzuki has proven to be fruitful, enabling our company to expand and scale up operations. By combining our expertise in Data Analytics, Machine Learning, and Artificial Intelligence-based solutions with the mentorship and networking opportunities provided by Maruti Suzuki, we will be able to refine our offerings further.”