Maruti Suzuki invests Rs 1.99 crore in AI/ML startup Amlgo Labs, to own 6.44% equity

The investment is being made through the Maruti Suzuki Innovation Fund

Maruti Suzuki India Limited has announced an investment of over Rs 1.99 crore in technology-led startup Amlgo Labs Private Limited.

With this, Maruti Suzuki will own an equity stake of over 6.44% in the startup that operates in the area of data analytics, cloud engineering, machine learning (ML), and artificial intelligence (Al), to assist companies in data-driven decision making. The company has offices in Gurugram and Bengaluru in India, and in Delaware in the United States.

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. Before this, Maruti Suzuki had invested in Sociograph Solutions Private Limited in June 2022.

Hisashi Takeuchi, Managing Director and CEO, Maruti Suzuki India Limited, said, “We have been working with startups since 2019, as a part of the Maruti Suzuki Innovation programme. 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."

Ajay Yadav, Founder, Amlgo Labs Private Limited 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, ML and AI-based solutions, with mentorship and networking opportunities offered by Maruti Suzuki, we will be able to further refine our offering."