Erisha E-Mobility enters into MOU with Gujarat Govt. to invest INR 6,900 Cr for Green Hydrogen & EV Park
Specializing in sustainable energy and electric vehicles, Erisha E-Mobility Private Limited recently signed a Memorandum of Understanding (MOU) with the Government of Gujarat. It is expected that the MOU will lead to an investment of around INR 6,900 Crore towards the development of an Electric Vehicle Park, Charging Infrastructure, and Green Hydrogen projects. The collaborative effort aims to explore and implement solutions in the field of renewable energy.
The formalization of this Memorandum of Understanding (MOU) took place in Gandhinagar on January 4, 2024, with the presence of Chief Minister Shri Bhupendrabhai Patel ji from the Government of Gujarat and Dr. Darshan Rana, Chairman, and Managing Director of Erisha E Mobility Private Limited.
On this occasion, Dr. Darshan Rana, Chairman and Managing Director, Erisha E Mobility Private Limited commented, “We are excited to partner with the Gujarat Government in their mission to accelerate the adoption of electric vehicles. Our expertise in electric mobility solutions, combined with the government’s commitment to sustainability, will undoubtedly create a positive impact on the environment, accelerate the adoption of Green Hydrogen and drive economic growth.”
Under the agreement, Erisha E-Mobility plans to:
- Invest in the establishment of an Electric Vehicle Park spread across 320 acres, with an investment of INR 1,500 Crore for innovation and collaboration in the electric mobility sector.
- Anticipated hub for research and development, fostering collaboration among manufacturers, ancillary units, technology providers, and researchers.
- Projected to create employment opportunities for 5000 individuals, both directly and indirectly.
2. Deploy 100 Electric Vehicle charging hubs across Gujarat with a proposed investment of INR 400 Crore.
- Strategic placement to facilitate convenient access to charging facilities.
- Aimed at promoting electric vehicle adoption and reducing the carbon footprint of transportation in the state.
3. Invest INR 5,000 Crore in establishing a Green Hydrogen ecosystem, utilizing renewable energy resources.
- Collaboration with European partners for specialized processes in hydrogen extraction, storage, and transportation in a controlled environment.
- Expected to generate employment opportunities for 4000 individuals in the state.
Similar MOUs with a total investment of INR 6,300 Crore have already been signed with the Governments of Uttar Pradesh and Uttarakhand in the recent past, bringing Erisha E Mobility’s total investment to INR 13,200 Crore. The company’s commitment aligns with the government’s sustainability goals, aiming to accelerate the adoption of electric vehicles and Green Hydrogen production, contributing positively to the environment and economic growth.
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