Gogoro, Belrise to bet $2.5 bn on battery-swapping infra in Maharashtra

A non-binding memorandum of understanding (MoU) was signed in Davos on Tuesday with the state government

Electric Scooters, EVs, ZYPP, battery
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Photo: Bloomberg

Surajeet Das Gupta New Delhi
Gogoro, a Taiwanese firm that is in the business of sustainable mobility technology and battery-swapping infrastructure, on Tuesday announced a 50-50 joint venture with Belrise Industries (earlier known as Badve Engineering) to invest $2.5 billion (Rs 20,500 crore) over eight years to build battery-swapping and energy infrastructure in Maharashtra.
 
A non-binding memorandum of understanding (MoU) was signed in Davos on Tuesday with the state government.

In an interview from Davos, Gogoro founder Horace Luke said: “We will put up smart battery stations to begin with in top 10 densely populated cities in Maharashtra, including Pune and Mumbai. India is the

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First Published: Jan 17 2023 | 8:23 PM IST

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