Bosch has acquired 14 percent stake in Zeliot Connected Services Private Limited

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 the personalized 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 Could 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 AP ls to offering device-agnostic solutions deployed for a wide range of customers in India.

Shares of Bosch Limited was last trading in BSE at Rs. 14442.85 as compared to the previous close of Rs. 14442.40. The total number of shares traded during the day was 2167 in over 542 trades.

The stock hit an intraday high of Rs. 14510.00 and intraday low of 14258.05. The net turnover during the day was Rs. 31101414.00.

Source : Equity Bulls

Keywords

BoschLimited INE323A01026 StakeAcquisition ZeliotConnectedServices B2B Startup