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News Topical, Digital Desk :Maruti Suzuki India, the country's largest car manufacturer, has invested approximately ₹2 crore in connected mobility intelligence startup Ravity Software Solutions. This investment is the company's third under the Maruti Suzuki Innovation Fund. Following this investment, Maruti will acquire a 7.84% stake in the Bengaluru-based startup. The company stated that the objective of the Innovation Fund is to invest in startups with high innovation potential and that are directly linked to Maruti Suzuki's operations.
Ravitti Software Solutions provides connected mobility insights through its AI-powered platform, which is used by automobile companies and fleet operators. This platform helps improve engineering, quality, operations, revenue opportunities, and customer experience.
Focus on improving vehicle ownership experience Maruti Suzuki MD and CEO, Hisashi Takeuchi, said that the company is focused on improving the vehicle ownership experience. He said, "Keeping the customer at the heart of our business, we are focused on enhancing the vehicle ownership experience." Share Performance On Friday, the company's stock was trading at Rs 16,104, up 1.93 per cent. In the last one year, the company's stock has seen a gain of 48.30 per cent.
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