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What is the story about?
Maruti Suzuki India Limited has invested nearly ₹
2 crore in Ravity Software Solutions Private Limited, picking up more than a 7.84% equity stake through the Maruti Suzuki Innovation Fund.
Bengaluru-based Ravity, founded in 2022, claims to provide AI-driven connected mobility insights for automotive OEMs and fleet operators, helping them use vehicle data to improve engineering, quality, operations, revenue opportunities and customer experience.
This marks Maruti Suzuki's third investment under the Innovation Fund. The company earlier invested about
₹2 crore each in Amlgo Labs in March 2024 and Sociograph Solutions in June 2022.
The fund supports startups that can develop solutions relevant to Maruti Suzuki’s operations and long-term strategy.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “In the age of open innovation, we strive to co-create business solutions with specialised entities operating in the particular field... Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insights.”
He added that working with startups brings agility and fresh ideas, adding that the company has been engaging with young firms since 2019 to build strategic partnerships aligned with the government’s Startup India initiative.
Vikas Rungta, Founder, Ravity Software Solutions, said, "With our excellence and expertise in AI, analytics and mobility, we are committed to upholding the trust Maruti Suzuki has placed in us.”
He said the combination of Maruti Suzuki’s scale and Ravity’s expertise in AI and analytics will help improve customer experience.
Bengaluru-based Ravity, founded in 2022, claims to provide AI-driven connected mobility insights for automotive OEMs and fleet operators, helping them use vehicle data to improve engineering, quality, operations, revenue opportunities and customer experience.
This marks Maruti Suzuki's third investment under the Innovation Fund. The company earlier invested about
The fund supports startups that can develop solutions relevant to Maruti Suzuki’s operations and long-term strategy.
Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “In the age of open innovation, we strive to co-create business solutions with specialised entities operating in the particular field... Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insights.”
He added that working with startups brings agility and fresh ideas, adding that the company has been engaging with young firms since 2019 to build strategic partnerships aligned with the government’s Startup India initiative.
Vikas Rungta, Founder, Ravity Software Solutions, said, "With our excellence and expertise in AI, analytics and mobility, we are committed to upholding the trust Maruti Suzuki has placed in us.”
He said the combination of Maruti Suzuki’s scale and Ravity’s expertise in AI and analytics will help improve customer experience.
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