Bosch to invest up to 14% capital in Bangalore-based start-up Zeliot Connected Services

10 Feb 2022 , 11:30 AM

Bosch Ltd stocks in focus on Thursday after the announcement of financial earning Q3FY22 and investment in Zeliot Connected Services Private Limited upto 14% of its Paid -up capital.

At around 11:31 AM, Bosch was trading at Rs16,198.20 apiece down by Rs23.8 or 0.15% on the BSE.

Zeliot Connected Services Private Limited, is a Bangalore based B2B start-up established in 2018 offering connected mobility solutions for vehicle tracking, fleet management, and telematics offerings to enterprises, urban, school, employee transport & logistics sectors.

As on March 31, 2021, Zeliot’s Net worth amounted to Rs.(13) mn and Operating revenues stood at Rs.21 mn.

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.

The investment will enhance Bosch Limited’s role in the mobility landscape through offerings on digital platforms in the personalized and connected mobility

As digitization takes shape in the commercial vehicle industry, Vehicles running on road will be connected with a regulated device and will lead us towards several use cases, where we can leverage Digital enablement for improvement of the use case – cost, efficiency, traffic regulation etc.

This Transaction will enable both the organisations improving customer experience with 

• Integration of micro services platform for transacting digital assets
• Zeliot would be hosted on Bosch Mobility Cloud Platform
• Partnerships in strategic modules on mobility specific SaaS portfolio

The total investment is around mINR 40 for the acquistion, said  company.