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Bosch has acquired 14 percent stake in Zeliot Connected Services

Published on : 02 April 2022

Zeliot Connected Services Private limited is a Bangalore based deep tech B2B start-up established in 2018 offering connected mobility solutions for enterprises and automobile OEMs.

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Bengaluru, April 1, 2022 – Bosch Limited, a leading provider of technology and services in the mobility ecosystem, has acquired a minority stake of 14 percent in Zeliot Connected Services Private Limited, a Bengaluru-based B2B start-up. This investment will enhance Bosch Limited's role in the mobility landscape through offerings on digital platforms in personalised and connected mobility.

As the automotive industry undergoes rapid technology transformation, Bosch has been working extensively in the connected mobility environment and is creating a digital mobility ecosystem that has safety and sustainability at its core. Bosch Limited has been consciously foraying into new business models, which is reflected through its recent acquisitions and the launch of Mobility Cloud 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 offer device-agnostic solutions deployed for a wide range of customers in India.

Source - Industrial Automation Magazine