Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs

Automaker Maruti Suzuki India on Saturday announced it has acquired a 6.44% stake in Amlgo Labs, an artificial intelligence and machine learning startup, for nearly Rs 2 crore.

The startup operates in the area of data analytics, cloud engineering, and AI and machine learning to assist companies in data-driven decision-making.

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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.

“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,” Hisashi Takeuchi, managing director and chief executive, Maruti Suzuki India, said in a statement.

This is the second such investment by the company. Earlier, it invested in Sociograph Solutions in June 2022.

“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,” said Ajay Yadav, founder, Amlgo Labs.