Erisha E Mobility signs INR 6,900 crore MoU for green hydrogen, mega EV park in Gujarat
Erisha E Mobility will invest INR 6,900 crore in setting up an electric vehicle park, charging infrastructure, and green hydrogen production facilities in Gujarat.
Erisha E Mobility has signed Memorandum of Understandings (MOUs) with the Government of Gujarat to explore, develop, and implement innovative solutions in the field of renewable energy, specifically focusing on green hydrogen production, and establish an electric vehicle (EV) park and deploy 100 state-of-the-art EV charging hubs across Gujarat with a cumulative investment of INR 6,900 crore ($829 million).
The latest agreement follows Erisha’s MOUs with the proposed total investment of INR 6,300 crore signed up with the Government of Uttar Pradesh and Uttarakhand recently.
In Gujarat, Erisha has proposed to set up an EV Park in 320 acres with an investment of INR 1,500 crore. “The EV park, a first-of-its-kind initiative in the region, is poised to become a hub for innovation, research, and development in the field of electric mobility. It will provide a platform for Electric Vehicles manufacturing, ancillary units set up, technology providers, and researchers to collaborate, fostering the growth of the electric vehicle ecosystem in Gujarat,” stated the company.
Additionally, Erisha will establish a robust charging infrastructure with the installation of 100 EV charging hubs with the proposed investment of INR 400 crore. These charging hubs will be strategically located across the state.
Erisha E Mobility, with its European partners in the field of green hydrogen, also envisages to invest INR 5,000 crore in setting up an ecosystem for green hydrogen using the renewable resources of energy in Gujarat.