Suzuki Invests $200 Million in Next Bharat Venture Fund-2 in India
Suzuki Motor Corporation has committed $200 million to its second venture fund in India to support social entrepreneurs.
- $200 million
- $40 million
- 15
What Happened
Suzuki Motor Corporation has decided to invest USD 200 million in the second fund, NBV Fund-2, established by its wholly owned subsidiary Next Bharat Ventures in India. This follows a USD 40 million investment in the first fund in July 2024, which has already supported 15 companies in sectors like agriculture, financial inclusion, supply chain, and mobility.
Suzuki invests USD 40 million in the first NBV fund to support social entrepreneurs.
Suzuki announces USD 200 million investment in NBV Fund-2 to accelerate efforts.
“Since commencing the production and sale of automobiles in India in 1983, Suzuki has provided mobility solutions, including automobiles and motorcycles, to customers. However, out of India’s population of approximately 1.4 billion people, Suzuki is currently connected with only about 400 million. Through NBV, Suzuki will establish connections with the next billion people beyond the mobility sector”
Why this matters
Suzuki aims to connect with more of India's 1.4 billion people beyond mobility, contributing to the government's 'Viksit Bharat 2047' vision for a developed India.
Terms in This Story
- social entrepreneur
- A person who starts businesses to address social or environmental issues.
- Viksit Bharat 2047
- India's government vision to become a developed nation by its 100th independence anniversary in 2047.
Summarised from the linked release; details can be imperfect — always verify against the original source.