Maruti Suzuki Innovation Fund
A programme by Maruti Suzuki Innovation
A strategic investment fund that takes minority equity stakes in automotive and mobility startups that have completed a paid proof of concept with Maruti Suzuki.
At a glance
| Best for | Startups that have completed a paid proof of concept with Maruti Suzuki |
|---|---|
| Cost | Takes equity |
About Maruti Suzuki Innovation Fund
The Maruti Suzuki Innovation Fund is a strategic investment tool. It aims to provide funding, mentorship and access to Maruti Suzuki's expertise and resources, to help startups scale faster. It takes minority stakes, and its page says it has made three investments.
What you get
- Funding, mentorship and access to Maruti Suzuki's expertise and resources.
- A minority equity stake in return for investment.
Who can apply
- Startups that have successfully completed a paid proof of concept with Maruti Suzuki. Only then are they considered for investment.
- The lists of qualifying programmes differ. The fund's FAQ names Nurture, Incubation, Maruti Suzuki MAIL or the Mobility Challenge. The fund page names Nurture, Incubation, the Accelerator and the Mobility Challenge.
- The homepage's FAQ states that all programmes are equity-free. The fund is the exception, because it takes minority stakes.
How to apply: The fund page gives no application form. Consideration follows a successful paid proof of concept.
Where to apply
Other Maruti Suzuki Innovation programmes
- Maruti Suzuki NurturePre-incubation for very early-stage startups, run with IIM Calcutta Innovation Park, with no participation fee.
- Maruti Suzuki IncubationA six-month incubation for technology-based mobility startups, run with NSRCEL at IIM Bangalore, free to join and taking no equity.
- Maruti Suzuki AcceleratorThe flagship programme, with an in-person kickoff and a proof of concept funded by Maruti Suzuki for selected startups. Free, with no equity taken.
- Maruti Suzuki Innovation Mobility ChallengeA challenge run with T-Hub for mature startups with mobility solutions ready to deploy, with cash rewards for winners and a paid proof of concept with Maruti Suzuki.