Gogoro has opted for Maharashtra to manufacture vehicles, smart battery packs and battery swap stations while deploying an open and accessible battery swapping infrastructure beginning late-2023. The proposed ultra mega project deal, exceeding $1.5 billion, will financial incentives.
Maharashtra classifies such projects as significant strategic investments exceeding $500 million that usually result in government incentives to ensure successful execution. Gogoro’s request for financial incentives was approved and endorsed by the Maharashtra state cabinet.
“We are creating a smart battery ecosystem with Gogoro, a leader in sustainable vehicles and electric fuel technologies,” said Chief Minister, Eknath Shinde.
Gogoro plans to build a smart energy infrastructure that is open and accessible. The deployment is also expected to accelerate job growth throughout the smart energy, electric vehicle and sustainability value chain. Gogoro is expected to lead the increase of foreign direct investment into Maharashtra in supply chain capabilities and smart battery infrastructure.
“Building on Gogoro’s successful deployment of an open battery swapping network that supports multiple vehicle makers in Taiwan, we plan to proceed with the Maharashtra government to bring Gogoro vehicles, smart batteries and swap stations to India. We are focused on creating a domestic supplier ecosystem that allows for domestic growth and foreign market expansion,” said Horace Luke, founder, and CEO of Gogoro.
The battery swapping infrastructure will leverage Gogoro’s smart energy ecosystem including smart battery stations, swapping technologies, network management solutions, and provide numerous innovations to the State.
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