UK-based Causis E-Mobility to invest Rs 2,800 crore to set up EV plant

UK-based firm signs MoU with the Maharashtra Govt

Causis E-Mobility, a UK-based electric vehicle startup, will invest Rs 2800 crore in Talegaon near Pune in a new zero-emission EV manufacturing facility in the state.

The company signed a memorandum of understanding with the Government of Maharashtra on Friday for the project. It is the first big-ticket investment under the recently announced Maharashtra EV Policy 2021, according to a press statement released by the Maharashtra Government.

It is set to transform Maharashtra into a leading state in terms of adoption of electric vehicles in the country, said the statement.The state had unveiled a comprehensive EV policy in July 2021,