Global tyres manufacturing company Bridgestone Group’s with its Indian division – Bridgestone India – has partnered with Blume Ventures, a home-grown venture to leverage the start-up ecosystem of India in the mobility solutions space.
The partnership with Blume Ventures is aimed at joining the “Start-up India ” initiative of the Government and partnering with the eco-system for nurturing innovation and start-ups in the mobility space.
Bridgestone India decided to partner with Blume Ventures which backs entrepreneurs who are either building to solve large impactful problems in India or taking the best of Indian innovation to global markets.
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The diverse mandate extends from EdTech, FinTech, Health, Commerce and Consumer internet in the former to Deep-Tech, AI to SaaS and enterprise software in the latter category.
“ The corporate venture partnership will allow us to accelerate our strategy of exploring new and disruptive models in the mobility eco-system. As a partner, Bridgestone brings its global leadership position to the Indian market and to India’s growing start-up space.”, said Parag Satpute, MD, Bridgestone India
In 2020, Bridgestone India invested in Fleeca India Pvt. Ltd. a start-up that provides solutions to Fleet Operators to increase efficiencies of their tyre usage.
In April 2022, the company inaugurated Mobility Solutions Institute in India that will enable stakeholders to enhance their knowledge of tyre technology and related mobility solutions.
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