Maruti Suzuki collaborates with Amlgo Labs to bolster up new technologies in Vehicles

By siliconindia  |  Monday, 25 March 2024, 12:51 IST

Maruti Suzuki collaborates with Amlgo Labs to bolster up new technologies in Vehicles
Automobile making giant Maruti Suzuki India just declared that, it has acquired 6.44% stake in Amlgo Labs, which is an Artificial Intelligence and Machine Learning startup. The deal was finalized in 2 crores. The deal reflects Maruti Suzuki’s commitment to leveraging advanced technologies to uplift the quality of its upcoming vehicle models.
The startup is working in the segment of data analytics, cloud engineering, and AI and machine learning to assist companies in data-driven decision-making. They have corporate offices in Gurugram and Bengaluru in India, and in Delaware, United States.
Maruti Suzuki invested this fund from Maruti Suzuki Innovation Fund, which aims to strategically invest in startups which are poised to showcase high levels of technological prowess.
Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Limited, said, "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."
He also highlighted that, the potential investment in  Amlgo Labs is a strategic move to enhance the quality of new vehicle models through advanced analytics and machine learning.
Ajay Yadav, founder, Amlgo Labs, expressed his gratitude saying, "Combining our expertise in data analytics, ML and AI-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 and Amlgo Labs will be marked by the aumotive company’s commitment to successfully harnessing cutting-edge technologies to drive innovation and improve product quality, ultimately enhancing the customer experience.
 

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