Bosch Limited has acquired a 14 per cent stake in Bengaluru-based deep tech startup Zeliot Connected Services Pvt Ltd.
As the automotive industry undergoes rapid technology transformation, Bosch said it has been “working extensively” in the connected mobility environment to create a digital mobility ecosystem that has safety and sustainability at its core, according to the Mint report.
“We are thrilled with this funding and are excited to be a part of the Bosch Mobility Journey,” according to Zeliot’s LinkedIn page.
It has been consciously foraying into new business models which reflects in its recent acquisitions and the launch of Mobility Could Platform and Mobility Marketplace, a platform to transact digital assets.
“The combination of Bosch’s Mobility Marketplace and Zeliot micro services platform will create a one-stop-shop for the new age mobility players while improving vehicle ownership experience for all stakeholders. Zeliot will leverage the SaaS portfolio of Bosch‘s mobility platform to augment its digital product lifecycle from development to customer experience. The investment, supplemented with Bosch Mobility Marketplace will additionally enhance Zeliot’s ability to offer microservices as APIs to offering device-agnostic solutions deployed for a wide range of customers in India,” Bosch said in a statement.
Founded in 2018, Zeliot is a deep tech company that offers Internet of Things (IoT) platform-based solutions to enterprises and automotive original equipment manufacturers (OEMs). The platform has hosted more than 100,000 devices and is being used by customers like Royal Enfield, Ashok Leyland, Indian Oil Corp., and Here Maps.
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