Maruti Suzuki India has invested nearly INR20m in Ravity Software Solutions for equity stake of over 7.84%
Maruti Suzuki India has invested nearly INR20m in Ravity Software Solutions for an equity stake of over 7.84%. The investment was made through the Maruti Suzuki Innovation Fund, which supports startups with high innovation levels and potential solutions relevant to the automaker’s operations.
Ravity Software Solutions is a technology startup specialising in connected mobility insights. The investment marks Maruti Suzuki’s third startup funding under the Innovation Fund.
In a statement, Hisashi Takeuchi, Managing Director and Chief Executive of Maruti Suzuki India, said: “Our investment in Ravity Software Solutions Private Limited will enable us to elevate customer experience through data-driven insights. We have been associating with startups since 2019 under our Maruti Suzuki Innovation programs.”
Vikas Rungta, Founder of Ravity Software Solutions, added: “With our excellence and expertise in AI, analytics and mobility, we are committed to upholding the trust Maruti Suzuki has placed in us. We believe that the high complementarity of our strengths: Maruti Suzuki’s scale of business and our agility and entrepreneurship, will further enhance customer experience and delight.”
Maruti Suzuki previously invested nearly INR20m each in Amlgo Labs in March 2024 and Sociograph Solutions in June 2022.
Source: Maruti Suzuki
