Erisha E Mobility signs INR 6,900 Crore MOU with Gujarat Govt

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Gandhinagar, 4th January, 2024 – Erisha E Mobility Private Limited (Erisha E Mobility), a pioneer in sustainable energy and electric vehicles, is set to reshape the future of mobility in India through a groundbreaking Memorandum of Understandings (MOUs) with the Government of Gujarat.

 The MOU outlines a collaborative effort to explore, develop, and implement innovative solutions in the field of renewable energy, specifically focusing on Green Hydrogen production and to establish an Electric Vehicle (EV) Park and deploy 100 state-of-the-art EV charging hubs across Gujarat with the mega investment of INR 6,900 crores.

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.”

This Memorandum of Understanding (MOU) was formalized in the presence of Hon’ble Chief Minister, Shri Bhupendrabhai Patel ji, Government of Gujarat and Dr. Darshan Rana, Chairman and Managing Director, Erisha E Mobility Private Limited.

The similar MOUs with the proposed total investment of INR 6,300 crores have already been signed up with Government of Uttar Pradesh and Uttarakhand in recent past which take Erisha E Mobility Private to the massive investment of INR 13,200 crores.

The Electric Vehicle (EV) Park proposed in 320 acres with the investment of INR 1,500 crores, 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. The company is also committed to generate the employment of 5000 persons (Direct+Indirect).

Additionally, the project aims to establish a robust charging infrastructure with the installation of 100 Electric Vehicle charging hubs with the proposed investment of INR 400 crores, strategically located across the state. This network will ensure convenient access to charging facilities, facilitating the adoption of electric vehicles and reducing the carbon footprint of transportation in Gujarat.

Erisha E Mobility Private Limited having the European partners in field of Green Hydrogen, envisages to set up the eco system for the Green Hydrogen using the renewable resources of energy with the investment of INR 5,000 crores and projected employment of 4000 persons (Direct + Indirect) in state of Gujarat.

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