Maruti Suzuki, India’s foremost automobile manufacturer, has announced its acquisition of a 6.44% equity stake in Amlgo Labs, a startup specializing in data analytics, cloud engineering, machine learning (ML), and artificial intelligence (AI). This investment, totaling Rs 1.99 crore, demonstrates Maruti Suzuki’s dedication to utilizing advanced technologies to enhance the quality of its upcoming vehicle models.
Amlgo Labs, with offices in Gurugram and Bengaluru in India, as well as in Delaware, United States, is a trailblazer in technological innovation for data-driven decision-making.Maruti Suzuki’s investment in Amlgo Labs is facilitated through the Maruti Suzuki Innovation Fund, which seeks to strategically invest in startups showcasing high levels of technological expertise. This is the company’s second such investment, following its previous venture with Sociograph Solutions Private Limited in June 2022.
Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Limited, reiterated the company’s commitment to nurturing innovation through collaborations with startups. He highlighted Maruti Suzuki’s active involvement in the Startup India initiative, aimed at nurturing the startup ecosystem and promoting the development of innovative solutions tailored to the automotive industry. Takeuchi emphasized the potential of investing in Amlgo Labs to enhance the quality of new vehicle models through advanced analytics and machine learning.
Ajay Yadav, Founder of Amlgo Labs Private Limited, expressed gratitude for the fruitful collaboration with Maruti Suzuki, which has facilitated the expansion and scaling up of operations for Amlgo Labs. He underscored Amlgo Labs’ combined expertise in data analytics, ML, and AI-based solutions, along with the mentorship and networking opportunities provided by Maruti Suzuki, which will enable further refinement of their offerings.
The partnership between Maruti Suzuki and Amlgo Labs underscores the automotive giant’s dedication to harnessing cutting-edge technologies to foster innovation and enhance product quality, ultimately enriching the customer experience.
