BENGALURU: Bosch Ltd. has acquired a 14% minority stake in Zeliot Related Providers Pvt Ltd, a Bengaluru-based deep tech startup.
The funding is predicted to spice up Bosch’s presence within the mobility panorama by choices on digital platforms in personalised and linked mobility.
Because the automotive business undergoes fast expertise transformation, Bosch mentioned it has been “working extensively” within the linked mobility setting to create a digital mobility ecosystem that has security and sustainability at its core.
It has been consciously foraying into new enterprise fashions which displays in its current acquisitions and the launch of Mobility May Platform and Mobility Market, a platform to transact digital property.
“The mix of Bosch’s Mobility Market and Zeliot micro companies platform will create a one-stop-shop for the brand new age mobility gamers whereas bettering automobile possession expertise for all stakeholders. Zeliot will leverage the SaaS portfolio of Bosch‘s mobility platform to reinforce its digital product lifecycle from growth to buyer expertise. The funding, supplemented with Bosch Mobility Market will moreover improve Zeliot’s skill to supply microservices as APIs to providing device-agnostic options deployed for a variety of shoppers in India,” Bosch mentioned in an announcement.
Based in 2018, Zeliot is a new-age deep tech firm with the imaginative and prescient of providing Web of Issues (IoT) platform-based options to enterprises and automotive authentic gear producers (OEMs). Zeliot’s platform has hosted greater than 100,000 units and is being utilized by prospects like Royal Enfield, Ashok Leyland, Indian Oil Corp., and Right here Maps.
Supply: Live Mint