Maruti Suzuki India recently announced its investment in Amlgo Labs Private Limited, an AI-ML led startup, with an investment of over Rs 1.99 crore, giving Maruti Suzuki a stake of over 6.44 per cent. Amlgo Labs focuses on data analytics, cloud engineering, and AI-ML to aid in data-driven decision-making.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited 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.”
The investment, which comes through the Maruti Suzuki Innovation Fund, is the company’s second in a startup, following the investment in Sociograph Solutions Private Limited in June 2022. Ajay Yadav, Founder of Amlgo Labs, expressed optimism saying, “Combining our expertise with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering.”
Amlgo Labs operates in Gurugram, Bengaluru, and Delaware in the US, and aims to further enhance their solutions through this investment and collaboration. Maruti Suzuki continues to demonstrate its commitment to innovation and technological advancement in the automobile industry through such strategic investments in startups.
