Maruti Suzuki India Limited in partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore (IIMB), today announced the list of 26 shortlisted mobility startups for a 9-month extensive incubation program.Car News

Maruti Suzuki Planning Big for startups set to nurture 26 startups

Maruti Suzuki India Limited in partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore (IIMB), today announced the list of 26 shortlisted mobility startups for a 9-month extensive incubation program.

Maruti Suzuki India Limited in partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore (IIMB), today announced the list of 26 shortlisted mobility startups for a 9-month extensive incubation program.
Maruti Suzuki Incubation Program

The collaboration, announced in August 2020, is a first-of-its-kind initiative by an automobile manufacturing company. It will help startups to channelize their efforts to bring industry-ready solutions and become large scale businesses.

The selected startups will undergo a 3-month pre-incubation journey during which they will be engaged in various sessions, workshops, peer-to-peer learning activities while they receive regular one-on-one mentoring and advisory sessions. Networking events, mock-pitches and interaction with investors will be major highlights of the initiative. Post this, the ventures will be allowed to pitch for incubation and funding and the selected ventures will be taken forward for a further six-months incubation journey.

Applauding the initiative, Mr Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India, said, “I am happy to learn that some of the brightest ideas have come from the startups focusing on technology. They have created business-ready solutions relevant to the industry. Through our partnership with IIM Bangalore, we are excited to foster and encourage some of the most innovative startups in the country. The incubation program will help the startups become large scale businesses, and also help the industry with practical and technology-led solutions that bring efficiency and value to business functions.”

Elaborating on the initiative, Prof Venkatesh Panchapagesan, Chairperson, Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), said “Mobility is evolving at a rapid pace in India and is projected to reach 90 billion by 2030, with significant growth expected in ride-hailing, shared mobility and more. We are therefore proud to collaborate with Maruti Suzuki, with who we share a similar drive, in developing mobility solutions for a better and more connected future.

Together we aim to deliver fresh thinking and innovative solutions to the existing mobility ecosystem. Maruti Suzuki, with its vast experience and market leadership in the automotive industry, will be able to significantly contribute to the development of the ventures, here at NSRCEL, IIM Bangalore, and the start-up ecosystem overall.”

The 26 startups have been shortlisted amongst over 400 applications received across the country. The selection panel comprising experts from Maruti Suzuki and NSRCEL evaluated the applicants and interviewed over 120 entrepreneurs.

Maruti Suzuki India Limited in partnership with Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore (IIMB), today announced the list of 26 shortlisted mobility startups for a 9-month extensive incubation program.
Reference Image

List of 26 startups onboarded by Maruti Suzuki

  1. Blinkin Technologies | Computer Vision
    An AI-powered self-service system powered by a Virtual Agent. Used for spare parts/accessory detection that identifies specific objects and creates sales opportunities
  2. Regeno Ventures Pvt Ltd | Sustainability
    Alternative packaging solution to replace single-use plastic pouches & bags in the automotive parts packaging. Made from tapioca starch & vegetable oil derivatives which is Biodegradable and compostable.
  3. Garage on Road | Vehicle Services
    Building a marketplace where Users & Garages can be digitally empowered to connect to conduct business with transparency, Access to Capital and Quality of Services.
  4. Pinmicro | Asset Tracking
    Assist Plus is a Bluetooth based location and activity analysis solution that provides effective real-time insight into every aspect of business operation, including employee productivity, functional efficiency and resource optimization
  5. Gypsee automotive | Insuretech
    Gypsee is an AI-driven connected car application that rewards users for practising safe driving and saving lives. It is an earn-as-you-drive motor insurance policy with risk-based pricing and up to 30% payback on the policy premium.
  6. ClearQuote Technologies India Pvt Ltd | Computer Vision
    Instantly assess damages and generate repair estimates based on smartphone images or videos. Standardized estimates generated without skilled assessors
  7. KulDew Technologies Private Limited | Shared Mobility
    KulDew Cloud can help digitize the unorganized Car rental Ecosystem where prices will be governed by Marketplace and not a single operator
  8. Automovill Technologies Pvt Ltd | Vehicle Services
    A hassle-free and transparent web/app-based service for car repair/routine, maintenance and used car evaluation
  9. Gordian Technologies Private Limited | Logistics
    Secure Hyperlocal delivery service using an IoT-based box with OTP unlocking & GPS tracking.
  10. VECROS TECHNOLOGIES PRIVATE LTD | Drones
    Preventive surveillance through aerial tracking and optimization platform using autonomous drones
  11. ALLMILES | Shared Mobility
    App-based integrated multi-modal public transport solution with 2W, 3W, Passenger Cars & Buses to provide end to end connectivity
  12. Beebox Studios Private Limited | AR/VR
    Digital showrooms, personnel training, visual debugging of machines using digital twin and interactive 3D user manual
  13. HyCube Works Private Limited | 3D Printing
    ALPI Series of 3D Printer For Polymers and Metals: A Single 3D Printer For All Materials in Polymers and Metals which is Industry 4.0 Ready. Helps in Product Design To Prototype, Ability To Use Wide Range of Materials and Effectively Manage On-Demand Production
  14. Pi R Square Digital Solutions Pvt Ltd | Parking Management
    Smart parking solution to predict the real-time occupancy of available parking slots with the help of plug n play sensors, indoor/outdoor navigations and a centrally managed app for both the parking space owner and the customer.
  15. Swaayatt Robots | Autonomous Mobility
    Deep Energy Maps (DEM): An all-terrain perception algorithm for detecting feasible navigable regions for autonomous vehicles, using only a monocular camera. A single set of apparatus works for all environments.
  16. ValetEZ | Parking Management
    Smart parking management connected to various stakeholders like public transport stations, residential buildings, On-Street parking, operators and end-users in real-time
  17. eShipz.com (LogIQ Labs Pvt Ltd) | Logistics
    Integrated Multi-Carrier & cloud-based shipping solution, warehouse management system with services like Shipping, Rates, Labels, Digital LR Copy Tracking & ePOD to eliminate manual efforts
  18. Svan Autotech Pvt Ltd | Spare parts Marketplace
    End to end business solution (CRM) for multi-brand/local workshops to enhance customer experience and B2B Pre-owned car module integrating organised (car dealers) & unorganised segments (workshops/brokers)
  19. NewTrace | AI/ML
    End-to-end solution for accelerating new material discovery and testing. Seamlessly fits into a workflow, builds and updates material database leading to faster product development
  20. Rays Aviation Technologies LLP | Drones
    Drone-Tech startup with an idea to manufacture Drones in India that can change the Indian RPAS Industry with affordable and latest technology
  21. otopark Technological Services Pvt. Ltd. | Parking Management
    Smart parking management system with dedicated sensors, real-time parking inventories, integrated payment, EV charging and advanced analytics
  22. Series 5 | SDM
    Software-Defined Marketing (SDM) platform that helps advertisers to effectively monetize their spend through Cloud-based Actionable Content Delivery for Offline & Broadcast Media. Also provides AR for training and vehicle accessorizing
  23. True Consultancy Assistive Technology | Assistive Tech
    Enables disability inclusion for people with partial, limited or reduced mobility through their assistive seating technology
  24. C ELECTRIC AUTOMOTIVE DRIVES PVT Ltd | EV powertrains
    Builds customized connected electric powertrains to help light EV (2W, 3W and 4W) manufacturers shorten their time to market
  25. EngineCAL Technology Pvt Ltd | Vehicle Services
    They build Hybrid AI engines by combining ML and a rule-based expert system. EngineInsight® is a patent-pending product for prognostics/preventive maintenance which brings businesses genuine additional revenue and car owners customer delight.
  26. CarPod | Speaker/OBD output
    Plug & Play voice assistant (smart speaker) for 2W, 3W, PVs & Commercial vehicles with a low cost (INR 1500 unit price). The option of connecting a vehicle diagnostics OBD device with the speaker also exists.

For the latest automobile updates and News, you can connect with us at Google NewsYouTubeInstagramFacebookTumblerPinterestLinkedIn and Twitter.

You Also can read following articles:

What you think about Maruti Suzuki Incubation Program? you can share your comments here

Categories: Car News

Tagged as:

2 replies »

Leave a Reply