Nexzu Mobility, a sustainable urban transportation solutions provider, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop India's first ever Smart EV Park.
The company will invest Rs 5,000 crore over the next 10 years to set up the park, which is expected to generate employment for over 5,000 people. Work on the project is set to begin next year once land has been allotted to it.
Electric vehicles 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 Smart EV Park will act as a hub, providing comprehensive solutions for EV companies, professionals, owners, and users by enabling an ecosystem in a concentrated area, streamlining the supply chain, and enabling cross-pollination of ideas, knowledge, and infrastructure sharing.
Atulya Mittal, Founder, Nexzu Mobility, 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. With its fantastic connectivity, forward-thinking state leadership, and pioneering people, Gujarat has both the natural and human resources to become the high-tech manufacturing hub for the new EV age."
Chintamani Sardesai, Business Head, Nexzu Mobility, said, "This is a first-of-kind development in the Indian EV ecosystem and has the calibre to transform the EV landscape in the country. At this hub, we will be providing support to OEMs manufacturing commercial as well as passenger vehicles across segments, along with battery manufacturers."
The facility will also have training schools for drivers and mechanics, along with test tracks to help manufacturers with testing before homologation. The EV city will also act as an incubation hub for new-age EV start-ups with a high focus on sustainability, he added.
The proposed Smart EV Park will be a state-of-the-art industrial park with ready-to-move in 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 EV Smart Park will also support start-up entities that have a vision and the technology but lack the infrastructure, mechanical engineering, and operations expertise required to kick-start their operations.
