Maruti Suzuki names winners of 9th Accelerator programme cohort
Maruti Suzuki India Limited has announced the winners of the ninth cohort of its flagship Accelerator programme. The list includes six
startups
from India and three from Germany, marking the first cohort to feature international participation under the newly introduced Global Startups category.
The selected Indian startups are
Frinks AI
,
mistEO
,
Adagrad
,
Com Olho
,
ProSolvr
, and
Eligere
. The three German startups named are Caire AI, Syn2Core, and Talonic. All nine startups will now enter a proof-of-concept (PoC) phase with Maruti Suzuki, during which they will work with internal teams to test their solutions in real-world environments.
Focus on co-creation and government initiatives
Hisashi Takeuchi
, MD & CEO, Maruti Suzuki India Limited, said, 'Startups bring fresh thinking and new ideas. Through the
Maruti Suzuki Accelerator programme
, we have been working with them to co-create future ready solutions that enhance customer experience and drive operational efficiency in the automobile manufacturing and mobility space. The participation of global startups, this cohort onwards, marks a new milestone in this journey."
"It further supports our efforts to contribute meaningfully to 'Make in India' and 'Startup India' initiatives of the Government. We welcome the winning startups to join us in our mission to offer 'Joy of Mobility' to as many people as possible,' he added.
A total of 26 startups—19 from India and 7 from Germany—presented their solutions during the grand finale of the cohort. The innovations showcased included AI-powered technologies across fields such as cybersecurity, road safety, quality control, EV charging infrastructure, and battery swapping.
Broader innovation efforts
Maruti Suzuki has launched several innovation programmes over the past six years, screening more than 5,000 startups. Of these, 150 have been engaged and 25 have been onboarded as partners.
The Maruti Suzuki Accelerator programme began in January 2019 to promote open
innovation in automobile manufacturing
and mobility. This was followed by the Incubation Programme in August 2020 to support technology-enabled startups in the mobility space. The Mobility Challenge was launched in June 2021 to engage with growth-stage startups, and the Nurture pre-incubation initiative started in 2023 for early-stage ventures.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
11 minutes ago
- Economic Times
Tale of Sun and sons: All about the Maran brothers and their link to 'Kalaignar' Karunanidhi
A dispute between the Maran brothers, Kalanidhi and Dayanidhi, has resurfaced. Dayanidhi Maran accuses Kalanidhi Maran of financial crimes related to Sun TV. He demands the restoration of Sun TV's original shareholding. Sun TV denies these allegations, calling them misleading and defamatory. The Maran brothers are related to former Tamil Nadu Chief Minister Karunanidhi. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kalanidhi Maran How Maran brothers are connected to Karunanidhi The 22-year-old alleged feud between the powerful Maran brothers is in the limelight after DMK Lok Sabha MP Dayanidhi Maran accused his brother Kalanidhi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action. The allegations, however, have been denied by the Sun TV through a stock exchange per ET's report, the timing of the alleged transaction coincided with the death of the brothers' father, former Union minister Murasoli Maran. Dayanidhi's contention is that Kalanithi used this opportunity to gain 60% control in the company, up from zero. without informing or consulting the other key stakeholder, MK Dayalu, wife of Karunanidhi, who was representing the Maran, born on December 5, 1966, in Tamil Nadu's Kumbakonam, is a seasoned Indian politician and son of the late Union Minister Murasoli Maran. He pursued a B.A. in Economics from Loyola College, DMK MP married Priya, who belongs to the family that owns and publishes The first entered the political field through Lok Sabha polls of 2004 and has since served multiple terms. His ministerial stints include serving as the Union Cabinet Minister for Communications and Information Technology (2004–2007) and later for Textiles (2009–2011). Re-elected to the 17th Lok Sabha in 2019 and again in 2024 to the 18th Lok Sabha, he is currently a member of several key parliamentary committees including the Committees on Home Affairs, Estimates, and Business his tenure was also marred by his alleged role in the 2G scam case. The CBI had alleged that Dayanidhi Maran, during the check period of June 2004 to December 2006, when he was the Union minister for communication and information technology, misused his office and installed a private telephone exchange at his residences in Chennai and used the facility for business transactions involving the Sun Network. It alleged that he had caused a loss of Rs 1.78 crore to the exchequer. More than 700 telecom lines were installed at their residences in Boat Club and Gopalapuram here, the agency charged. The former minister has been acquitted by the dabbling in his family's modest publishing business, the older Maran brother launched now worth Rs 23,000-crore Sun TV Network in 1993. Over the years, the Sun has turned into a regional television heavyweight with 37 channels reaching more than 140 million households in Maran holds a Bachelor of Commerce from the University of Madras, Chennai and MBA from Scranton University, Pennsylvania, started the Tamil Sun TV channel in 1993 and built it into a sprawling media giant, encompassing multiple TV channels in south Indian languages as well as a film production house, taking advantage of connections with the state establishment, industry watchers told married Kavery Maran, and they have a daughter, Kavya Maran, who is the head of the IPL team, Sunrisers Hyderabad and South Africa's SA20 team, Sunrisers Eastern Marans were grandnephew of Karunanidhi, who served as Chief Minister of Tamil Nadu for almost two decades. The reason behind Dayanidhi's entry in the cabinet has also been linked to Karunanidhi. It was seen that loved his nephew and Maran's father, Murasoli Maran, as much as his sons and that prompted the DMK leader to make Maran's younger son Dayanidhi a minister at the Centre in 2004 and who completed 50 years as DMK chief in July, was among the few regional political chieftains who had been key decision-makers in national politics. Having won elections to the Tamil Nadu Assembly 13 times, Karunanidhi held the rare record of not having lost a poll since his first electoral victory in 1957. He was chief minister of the state five times.
Economic Times
11 minutes ago
- Economic Times
Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan
Reuters The logo of the satellite operator Eutelsat New Delhi: Bharti Enterprise's space venture will invest €31.4 million (about Rs 313 crore) as part of French satellite group Eutelsat's fresh €1.35 billion (around Rs 11,250 crore) capital raising plan, aimed at paring debt and investing in satellite constellations. The French government will invest €526.4 million in Eutelsat and become the largest shareholder with a 29.99% stake, displacing Bharti Space, which will now own 18.7% stake in Eutelsat, the world's second largest satcom group and a chief rival to Elon Musk-owned Starlink. Other investors include shipping major CMA CGM with €100.4 million, with sovereign investor FSP putting in €57.8 million. 'I am delighted that under the leadership of President Macron, the French state has decided to back Eutelsat as the European Space Champion and increased its shareholding by injecting a sizeable investment into the company,' Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises & Co-Chairman Eutelsat Group. Post merger between Eutelsat and Bharti Enterprises and UK government backed-OneWeb in 2023, the Indian group became the largest shareholder in Eutelsat with a 21.2% share. 'We are also thrilled to welcome the French armed forces ministry, DGA, partnership with Eutelsat in a long term €1B contract to reserve capacity on Eutelsat's low-Earth orbit OneWeb constellation for its mission critical needs,' Mittal this week, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces under the Nexus program. The deal, worth up to €1 billion ( ?9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space capital raise comes at a time of heightened activity in the satellite internet space, especially in India. Eutelsat OneWeb, a unit of the Eutelsat group, is poised to start commercial broadband-from-space service in India, having received all necessary statutory clearances, except for more than 600 satellites since merging with British firm OneWeb in 2023, Eutelsat is the world's second-largest operator of low Earth orbit (LEO) satellites. But it remains far smaller than Starlink, which has 6,000 satellites.
Mint
18 minutes ago
- Mint
Indian deposits in Swiss banks down nearly 18% over last 10 years: Here's why
Deposits of Indian customers in Swiss banks fell by around 18 per cent over the past decade, according to the latest figures released by the Swiss National Bank (SNB). The data shows a drop from approximately 425 million Swiss francs in 2015 to 346 million Swiss francs in 2024. The SNB data also showed that Indian deposits witnessed a sharp rise during the COVID-19 period, touching a 10-year high of around 602 million Swiss francs. However, the deposits started declining after the pandemic peak, ANI reported. In 2023, deposits stood at 309 million Swiss francs, whereas in 2024, they only grew by 37 million Swiss francs. Despite this annual rise, the overall trend over the last decade remains downward. The downward trend of deposits in Swiss banks can be due to various reasons like tightening regulations, increased scrutiny, and changes in international financial transparency norms, said ANI. The most significant drop was seen in deposits by American nationals. Their deposits in Swiss banks plunged from 64.2 billion Swiss francs in 2015 to 24.4 billion Swiss francs in 2024, a decline of about 62 per cent. For India, the trend clearly shows that over the last decade, deposits by Indian nationals in Swiss banks have declined, although a temporary hike in deposits was seen during the pandemic in 2021, the news agency reported. This declining trend in deposits is not unique to India. Several other countries also witnessed a reduction in funds deposited in Swiss banks by their nationals, the news agency reported. Among major economies, deposits by UK nationals fell from 44 billion Swiss francs in 2015 to 31 billion Swiss francs in 2024. Chinese deposits also saw a decline, reducing from 5.01 billion Swiss francs to 4.3 billion Swiss francs over the same period. The neighbouring countries of India — Pakistan and Bangladesh—also saw a decline. Deposits held by Pakistani nationals in Swiss banks have witnessed a steep decline over the last ten years. According to the data, deposits by Pakistanis stood at 947 million Swiss francs in 2015 but have dropped significantly to 241 million Swiss francs by 2024, a fall of nearly 75 per cent. A similar trend was observed in the case of Bangladeshi nationals. Their deposits in Swiss banks declined from 48 million Swiss francs in 2015 to just 12.6 million Swiss francs in 2024, marking a drop of over 73 per cent, as per data cited by ANI.
