Maruti Suzuki India invests in tech startup Amlgo Labs Private Limited
In a strategic move to bolster its technological capabilities, Maruti Suzuki India Limited has announced a significant investment of over INR 1.99 crore in Amlgo Labs Private Limited, a dynamic startup specializing in data analytics, cloud engineering, machine learning (ML), and artificial intelligence (AI). This investment secures Maruti Suzuki a 6.44% equity stake in Amlgo Labs, reflecting a strong commitment to nurturing innovation within the tech startup ecosystem.
Amlgo Labs Private Limited operates at the forefront of technological innovation, offering solutions that empower companies to make informed, data-driven decisions. This partnership is facilitated through the Maruti Suzuki Innovation Fund, an initiative aimed at strategic investments in startups that showcase a high degree of technological innovation. The investment in Amlgo Labs marks the second of its kind by Maruti Suzuki, following a previous investment in Sociograph Solutions Private Limited in June 2022.
Maruti Suzuki’s investment in Amlgo Labs is not just a financial venture; it represents a deeper commitment to fostering a collaborative ecosystem where technological advancements can thrive. Mr. Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited, highlighted the company’s engagement with startups since 2019 as part of the Maruti Suzuki Innovation program. Aligned with the Government of India’s #StartUpIndia initiative, Maruti Suzuki aims to strengthen the startup ecosystem and encourage innovations that are relevant to the automobile industry.
“Our investment in Amlgo Labs Private Limited will help us to further strengthen the quality of new models, using advanced analytics and machine learning,” Mr. Takeuchi remarked, emphasizing the strategic nature of this partnership.
Amlgo Labs stands as a testament to the power of innovation in the field of advanced analytics, machine learning, artificial intelligence, and big data solutions. With offices in Gurugram & Bangalore in India, and Delaware, USA, Amlgo Labs has been at the helm of providing analytics-based solutions since July 2017. The collaboration with Maruti Suzuki is set to enhance Amlgo Labs’ capabilities further, enabling it to scale up operations and refine its offerings.
Mr. Ajay Yadav, Founder of Amlgo Labs, expressed optimism about the partnership: “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 further refine our offering.”
The partnership between Maruti Suzuki India Limited and Amlgo Labs Private Limited marks a significant milestone in the convergence of the automotive industry and technological innovation. By leveraging Amlgo Labs’ expertise in AI, ML, and data analytics, Maruti Suzuki is positioning itself at the forefront of the digital transformation in the automobile sector. This strategic investment underscores the importance of embracing technological advancements to stay competitive in a rapidly evolving market.