Gogoro, Belrise to bet $2.5 bn on battery-swapping infra in Maharashtra

Gogoro, a Taiwanese firm that is in the business of sustainable mobility technology and battery-swapping infrastructure, on Tuesday announced a 50-50 joint venture with Belrise Industries (earlier known as Badve Engineering) to invest $2.5 billion (Rs 20,500 crore) over eight years to build battery-swapping and energy infrastructure in Maharashtra.
 

A non-binding memorandum of understanding (MoU) was signed in Davos on Tuesday with the state government.

In an interview from Davos, Gogoro founder Horace Luke said: “We will put up smart battery stations to begin with in top 10 densely populated cities in Maharashtra, including Pune and Mumbai. India is the