Business Standard

Friday, December 20, 2024 | 10:50 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

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

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

Electric Scooters, EVs, ZYPP, battery
Premium

Photo: Bloomberg

Surajeet Das Gupta New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in