New Delhi, March 23, 2024 – Maruti Suzuki India Limited, India’s premier automobile manufacturer, has announced a strategic investment exceeding INR 1.99 crore in Amlgo Labs Private Limited. This investment marks Maruti Suzuki’s ongoing commitment to fostering innovation within the tech startup ecosystem, aligning with the Government of India’s #StartUpIndia initiative.
Amlgo Labs, a startup specializing in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI), focuses on empowering companies with data-driven decision-making capabilities. Through its investment, Maruti Suzuki will acquire a significant equity stake of over 6.44% in Amlgo Labs, underlining its support for cutting-edge technological advancements.
This move comes as part of the Maruti Suzuki Innovation Fund’s efforts to identify and invest in startups that are pushing the boundaries of technology and innovation. Amlgo Labs is the second startup to receive investment from Maruti Suzuki, following an investment in Sociograph Solutions Private Limited in June 2022.
Hisashi Takeuchi, the Managing Director & CEO of Maruti Suzuki India Limited, emphasized the company’s dedication to the Maruti Suzuki Innovation program since 2019. He stated, “Our investment in Amlgo Labs Private Limited will help us to further strengthen the quality of new models, using advanced analytics and machine learning.”
Ajay Yadav, the Founder of Amlgo Labs Private Limited, expressed his enthusiasm for the partnership, highlighting the synergy between Maruti Suzuki’s mentorship and Amlgo Labs’ expertise in AI and ML. He said, “Our collaboration with Maruti Suzuki has proven to be fruitful, helping our company augment and scale up operations.”
Amlgo Labs has been at the forefront of providing analytics-based solutions since its inception in July 2017. With offices in Gurugram, Bangalore, and Delaware, USA, the company has been instrumental in leveraging data analytics, machine learning, artificial intelligence, and big data to enhance business outcomes for various organizations. This partnership is expected to drive further innovation and excellence in the automotive and technology sectors.
