Gogoro gets Maharashtra nod to set up $1.5 bn smart battery infra

Taiwanese electric mobility giant Gogoro, will invest more than $1.5 billion to establish state-wide battery charging and swapping infrastructure in Maharashtra. 

The proposed ‘Ultra Mega Project’ deal includes financial incentives and support from the Maharashtra government. The announcement follows Gogoro’s earlier commitment to invest $2.5 billion over eight years in Maharashtra. The proposed investment will start later this year.