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Home EV Tech Charging Station

Gogoro to invest $2.5 bn to setup battery swapping network in India

AutoEV Times by AutoEV Times
January 18, 2023
in Charging Station, International EV News, News
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Gogoro an electric vehicle and infrastructure company with its headquarters in Taiwan. Gogoro is moving forward with its plans to set up a battery swapping network in India. The business has signed a strategic energy partnership with the Maharashtra government. It create a battery swapping infrastructure, along with Belrise Industries. Gogoro and Belrise Industries intend to invest roughly $2.5 billion over the course of eight years.

The partners want to establish battery swapping and smart battery stations as a top source for mobility. The energy storage by constructing is an open approachable smart energy infrastructure in Maharashtra. Along the value chain for sustainable transportation, electric vehicles, and smart energy, the deployment is anticipated to hasten the growth of jobs.

Eknath Shinde, Chief Minister, Maharashtra said, “It is indeed a remarkable moment for the State, this will perhaps be the largest green partnership of this nature worldwide.”

Devendra Fadnavis, Deputy Chief Minister, Maharashtra said, “As a national leader in sustainability, it is important for the state of Maharashtra to embrace new technologies. Technologies that are open accessible and enable dynamic solutions that can accelerate the transition to smarter sustainable cities. We are partnering with Gogoro and Belrise to deploy the world’s largest and most innovative smart energy infrastructure to utilise battery swapping. It will solve the unique and distributed energy challenges we are facing daily. This project will enable new alternatives to the fossil fuels solutions many of our residents use today.”

Horace Luke, Founder & CEO, Gogoro said, “The future of smart sustainable cities and countries is not about a single company or government but about a community coming together to instil a new way of thinking and a new way of utilising sustainable energy in an open and accessible way.”

“This partnership represents the future and this new way of thinking – not just about sustainable transportation, but about an entirely new system. That is why we truly believe in building open and accessible infrastructure that will uplift the entire ecosystem. Together, the State of Maharashtra, Belrise Industries and Gogoro plan to shift energy usage and establish this new sustainable economy that will encourage jobs creation, establish new technical and sustainable industrial capabilities, and ultimately increase state exports.”

The battery swapping infrastructure expects to begin deploying across the State of Maharashtra in 2023 which will leverage Gogoro’s smart energy ecosystem including smart battery stations, swapping technologies, network management solutions, and will provide numerous innovations to the state, contributing in the areas of smart city design and development, energy storage stations & systems, smart mobility sharing, smart electric vehicles, demand response services and distributed energy storage, smart agriculture, among other applications.

Shrikant Badve, MD, Belrise Industries said, “Clean energy is the future, and now is the time for Indian businesses to begin their transition to sustainable operations. As a manufacturing leader in India’s transportation industry, we are embracing this for our own business, customers, and communities. Today we are partnering with Gogoro, a global innovation leader in smart sustainable energy and India’s most industrious state of Maharashtra to deploy the largest portable battery swapping infrastructure of its kind to enable a new generation of products and services that Maharashtra’s residents can embrace.”

Tags: Battery SwappingElectric VehicleGogorosustainable transportation
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