Gogoro and Belrise partner to build Rs 20,000 crore battery swapping infrastructure in Maharashtra.
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Gogoro and Belrise partner to build Rs 20,000 crore battery swapping infrastructure in Maharashtra.

Maharashtra government, Gogoro, and Belrise signed a non-binding Memorandum of Understanding at the World Economic Forum in Davos, Switzerland.

The government of Maharashtra has entered into a strategic energy partnership with Gogoro and Belrise Industries to establish a state-wide battery-swapping infrastructure. The partnership, which is a 50-50 joint venture between Gogoro, a global leader in battery swapping ecosystems, and Belrise, an Indian-based automotive systems manufacturer, will invest approximately USD 2.5 billion (Rs 20,000 crore) over the next eight years. The non-binding Memorandum of Understanding was signed at the Maharashtra pavilion during the World Economic Forum in Davos, Switzerland.

The partnership aims to build a smart energy infrastructure in Maharashtra that is open and accessible. This will make battery swapping and smart battery stations a major source for mobility and energy storage.

The deployment is also expected to create jobs in the electric vehicle and sustainable value chain sectors. In addition to the smart infrastructure, the partnership is also expected to promote electric vehicle manufacturing and assembly in the state.

The battery-swapping infrastructure is set to begin deployment across Maharashtra in 2023. Gogoro’s smart energy ecosystem, including battery stations, swapping technologies, and network management solutions will be used in the project.

It will also provide numerous innovations to the state, including smart city design and development, energy storage stations & systems, mobility sharing, electric vehicles, demand response services, and distributed energy storage, as well as smart agriculture, among other applications.

Devendra Fadnavis, The Deputy Chief Minister of Maharashtra, said: As a national leader in sustainability, it is important for the State of Maharashtra to embrace new technologies that are open, accessible and enable dynamic solutions that can accelerate the transition to smarter sustainable cities and set an example that other states in India can follow. We are partnering with Gogoro and Belrise to deploy the world’s largest and most innovative smart energy infrastructure to utilize battery swapping for solving the unique and distributed energy challenges we face daily. This project will enable new alternatives to the fossil fuels solutions many of our residents use today.

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