Maruti Suzuki India Limited, one of the leading automobile manufacturers in India, has recently announced an investment of over INR 1.99 crore in Amlgo Labs Private Limited. This strategic investment is part of Maruti Suzuki’s ongoing efforts to foster innovation and technological advancement in the automobile industry.
About Amlgo Labs
Amlgo Labs is a technology-led start-up that operates in the areas of data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI). The company was founded in July 2017 and has offices in Gurugram & Bangalore in India and Delaware, USA. Amlgo Labs has been offering analytics-based solutions to organizations, helping them improve their business through data-driven insights.
The Investment
With this investment, Maruti Suzuki will own an equity stake of over 6.44% in Amlgo Labs. The investment is being made through the Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups that exhibit high levels of technological innovation. This is the second such investment by the Company. Earlier to this, the Company invested in Sociograph Solutions Private Limited in June 2022.
The Impact
Mr. Hisashi Takeuchi, Managing Director & CEO, of Maruti Suzuki India Limited, expressed his optimism about the collaboration. He 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 Private Limited will help us further strengthen the quality of new models, using advanced analytics and machine learning”.
Mr. Ajay Yadav, Founder, of Amlgo Labs Private Limited, also shared his enthusiasm about the partnership. He 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 refine our offering further”.
Conclusion
This investment by Maruti Suzuki in Amlgo Labs signifies the growing importance of AI and ML in the automobile industry. It also highlights Maruti Suzuki’s commitment to fostering innovation and technological advancement in the industry.