6 months ago
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Maruti Suzuki India Ltd has announced an concern of astir ₹2 crore successful startup Ravity Software Solutions Private Ltd, for an equity involvement of implicit 7.84% done Maruti Suzuki Innovation Fund.
Ravity Software Solutions specialises successful providing connected mobility insights.
This is the 3rd concern nether the Maruti Suzuki Innovation Fund. Before this, the institution had invested astir ₹2 crore each successful Amlgo Labs Private Ltd successful March 2024 and Sociograph Solutions Private Ltd successful June 2022.
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Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Ltd, said, “Aligning to our halfway worth of keeping lawsuit astatine the halfway of our business, we are focused connected enhancing conveyance ownership experience. In the property of unfastened innovation, we strive to co-create concern solutions with specialised entities operating successful the peculiar field.”
“Startups are perfect partners arsenic they bring agility, caller thinking, and cutting-edge solutions to enactment our extremity of ensuring lawsuit delight. Our concern successful Ravity Software Solutions volition alteration america to elevate lawsuit acquisition done data-driven insights. We person been associating with startups since 2019 nether our Maruti Suzuki Innovation programs,” helium said.
“Through this initiative, we are investing successful a civilization of innovation, gathering strategical partnerships, and unlocking caller opportunities, successful enactment with Government’s ‘Startup India’ inaugural to beforehand entrepreneurship successful the country,” helium added.
Vikas Rungta, Founder, Ravity Software Solutions, said, “An automobile large similar Maruti Suzuki partnering with a startup speaks volumes astir its forward-thinking mindset, humility, and openness to larn and collaborate to research caller ideas.”
“With our excellence and expertise successful AI, analytics and mobility, we are committed to upholding the spot Maruti Suzuki has placed successful us. We judge that the precocious complementarity of our strengths: Maruti Suzuki’s standard of concern and our agility and entrepreneurship, volition further heighten lawsuit acquisition and delight,” helium added.
