Maruti Suzuki India Limited has announced a significant investment of over Rs 1.99 crore in Amlgo Labs Private Limited, a technology-driven startup specializing in data analytics, cloud engineering, machine learning (ML), and artificial intelligence (AI). With this investment, Maruti Suzuki will acquire a 6.44% equity stake in Amlgo Labs, further expanding its presence in the startup ecosystem.
The investment is facilitated through the Maruti Suzuki Innovation Fund, an initiative aimed at strategically investing in startups showcasing high levels of technological innovation. This marks Maruti Suzuki’s second investment in a startup, following its earlier investment in Sociograph Solutions Private Limited in June 2022.
Amlgo Labs, headquartered in Gurugram and Bengaluru in India, along with an office in Delaware, United States, specializes in assisting companies in data-driven decision making through advanced analytics and AI-based solutions.
Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Limited, expressed the company’s commitment to fostering innovation within the startup ecosystem. He stated, “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.”
Ajay Yadav, Founder of Amlgo Labs Private Limited, highlighted the fruitful collaboration between Amlgo Labs and Maruti Suzuki, emphasizing the potential for further growth and refinement of their offerings. He stated, “Combining our expertise in data analytics, ML and AI-based solutions, with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering.”
Maruti Suzuki’s investment in Amlgo Labs signifies a strategic move to leverage cutting-edge technologies and drive innovation within the automotive industry, ultimately enhancing the quality of new models and driving growth in the startup ecosystem.