Nexzu Mobility Plans To Set Up Smart EV Park in Gujarat Worth Rs 5,000 Cr
Pune: Electric mobility firm Nexzu Mobility on Friday said it has proposed to set up a smart EV Park in Gujarat and plans to invest Rs 5,000 crore in the project over the next 10 years.
Nexzu Mobility, which signed an initial pact (MoU) with the state government, said the project will generate over 5,000 jobs.
“Nexzu Mobility will invest Rs 5,000 crore over the next 10 years to set up the smart EV park in Gujarat, which is expected to generate employment for over 5,000 people," the company said in a statement.
The proposed park will serve as a hub, provide comprehensive solutions for Electric Vehicle (EV) companies, professionals, owners, and users by enabling an ecosystem in a concentrated area and infrastructure sharing, among others, it said.
"With its focus on clean energy and mobility, high-tech manufacturing and innovation, Gujarat is a fantastic destination for a Smart EV Park. The establishment of the park will strengthen the state's standing as an EV manufacturing hub and support the 'Make-in-India, Make-for-the-World' initiative in the industry," said Atulya Mittal, Founder, Nexzu Mobility.
The proposed Smart EV Park will be an industrial park with ready to move manufacturing facilities, common testing facilities, common R&D units, housing, educational and healthcare facilities.
It will also include facilities designed to train professionals on the latest in electronics, battery manufacturing, powertrains and other EV components, the company said.
"EVs are a key pillar of India's push to slash its greenhouse gas emissions and are finding increasingly greater acceptance with commercial and passenger vehicle customers,” the company said.
The Smart EV Park, a kind of an EV City, will provide a big boost to the development of the overall EV ecosystem, it pointed out.
"At this hub, we will provide support to OEMs manufacturing commercial as well as passenger vehicles across segments, along with battery manufacturers," said Chintamani Sardesai, Business Head at Nexzu Mobility.
