Maruti Suzuki and IIM Bangalore shortlist 26 start-ups for incubation

by Autocar Pro News Desk , 26 Feb 2021


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

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

The selected start-ups will undergo a three-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. Following 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,  Kenichi Ayukawa, MD and CEO, Maruti Suzuki India, said, “I am happy to learn that some of the brightest ideas have come from the start-ups focusing on technology. They have created business-ready solutions relevant for industry. Through our partnership with IIM Bangalore, we are excited to foster and encourage some of the most innovative start-ups in the country. The incubation program will help the start-ups become large-scale businesses, and also help 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, who we share a similar drive with, 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 start-ups 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.

THE 26 SHORTLISTED START-UPS
Maruti Suzuki and IIM-B saw 420 ventures apply for the mobility program out of which 120 ventures were handpicked to pitch to them. Through careful evaluation and expert scrutiny, 26 companies have been selected for the pre-incubation.

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

Regeno Ventures | Sustainability
Alternative packaging solution to replace single-use plastic pouches and bags in the automotive parts packaging. Made from tapioca starch and vegetable oil derivatives which is Biodegradable and compostable.

Garage on Road | Vehicle Services
Building a marketplace where users and garages can be digitally empowered to connect to conduct business with transparency, Access to Capital and Quality of Services.

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

Gypsee Automotive | Insuretech
Gypsee is an AI-driven connected car application that rewards users for practicing 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 policy premium.

ClearQuote Technologies India | Computer Vision
Instantly assess damages and generate repair estimates based on smartphone images or videos. Standardized estimates generated without skilled assessors

KulDew Technologies | Shared Mobility
KulDew Cloud can help digitize the unorganized Car rental Ecosystem where prices will be governed by Marketplace and not a single operator

Automovill Technologies | Vehicle Services
A hassle-free and transparent web/app-based service for car repair/routine, maintenance and used car evaluation

Gordian Technologies | Logistics
Secure Hyperlocal delivery service using an IoT-based box with OTP unlocking & GPS tracking.

Vecros Technologies | Drones
Preventive surveillance through aerial tracking and optimization platform using autonomous drones

Allmiles | Shared Mobility
App-based integrated multi-modal public transport solution with 2W, 3W, Passenger Cars & Buses to provide end to end connectivity

Beebox Studios | AR/VR
Digital showrooms, personnel training, visual debugging of machines using digital twin and interactive 3D user manual

HyCube Works | 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

Pi R Square Digital Solutions | 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.

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. Single set of apparatus works for all environments.

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

eShipz.com (LogIQ Labs) | Logistics
Integrated Multi-Carrier & cloud-based shipping solution, warehouse management system with services like Shipping, Rates, Labels, Digital LR Copy Tracking and ePOD to eliminate manual efforts

Svan Autotech | 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)

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

Rays Aviation Technologies LLP | Drones
Drone-Tech start-up with an idea to manufacture Drones in India that can change the Indian RPAS Industry with affordable and latest technology

otopark Technological Services | Parking Management
Smart parking management system with dedicated sensors, real-time parking inventories, integrated payment, EV charging and advanced analytics

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

True Consultancy Assistive Technology | Assistive Tech
Enables disability inclusion for people with partial, limited or reduced mobility through their assistive seating technology

C Electric Automotive Drives | EV powertrains
Builds customized connected electric powertrains to help light EV (2W, 3W and 4W) manufacturers shorten their time to market

EngineCAL Technology | 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.

CarPod | Speaker/OBD output
Plug & Play voice assistant (smart speaker) for 2W, 3W, PVs & Commercial vehicles with a low cost (Rs 1500 unit price). The option of connecting vehicle diagnostics OBD device with the speaker also exists.