Bosch Acquires 14% Stake in Indian B2B Platform Zeliot

Bosch, the multinational tech firm, has bought a 14% minority stake in B2B startup Zeliot Connected Services out of Bengaluru, India, a report said Friday (April 1).

According to Bosch, this would help the company boost its role in mobility, offering more service on digital platforms related to personalized and connected mobility.

Zeliot, which was founded in 2018, offers connected mobility solutions for enterprises and automotive original equipment manufacturers (OEMs).

The release said the investment will help the company offer more microservices and “device-agnostic” solutions for India.

According to the report, Bosch has been working on connected mobility to bolster safety and sustainability in the automotive industry, which has been undergoing technological transformations.

“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,” Bosch said in a statement, adding that it would “leverage the SaaS (software-as-a-service) portfolio of Bosch‘s mobility platform to augment its digital product lifecycle from development to customer experience.”

The report notes that in a 2021 analysis it was revealed that the market for global connected mobility solutions will likely grow exponentially within the next year or so. In India specifically, there’s lots of growth, the report noted.

See more: Bosch Buys 26% Stake in India’s Autozilla

PYMNTS wrote that Bosch also recently bought a 26% stake in Autozilla from India, which will let the company expand into the B2B digital auto parts aftermarket there.

The deal will let Bosch integrate Autozilla’s eCommerce platform with its own, helping to bolster the quality of catalog searching, streamlining the spare parts ordering.

Autozilla is a B2B eCommerce marketplace platform for spare auto parts, tools, garage equipment and accessories.