25 March 2024 – Maruti Suzuki, India’s leading car manufacturer, has acquired a 6.44% stake in Amlgo Labs, an Indian startup specializing in AI and ML technologies. This strategic investment underscores Maruti Suzuki’s commitment to leveraging advanced analytics to elevate the quality of its upcoming vehicle models.
Amlgo Labs, with its bases in Gurugram, Bengaluru, and Delaware, stands at the forefront of technological innovation in data analytics, cloud engineering, machine learning, and artificial intelligence. Maruti Suzuki’s investment of Rs 1.99 crore in Amlgo Labs through the Maruti Suzuki Innovation Fund reflects its dedication to collaborating with startups at the forefront of technological advancement.
Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Limited, highlighted the company’s commitment to innovation through collaborations with startups like Amlgo Labs. He emphasized Maruti Suzuki’s active involvement in initiatives like Startup India, aimed at fostering an ecosystem conducive to innovation in the automotive industry.
Ajay Yadav, Founder of Amlgo Labs, expressed gratitude for the collaboration with Maruti Suzuki, which has enabled Amlgo Labs to enhance its operations and offerings. He underscored the combined expertise of Amlgo Labs in data analytics and AI solutions, augmented by the support and mentorship provided by Maruti Suzuki.