Erisha E-Mobility Signs $828 Million MoU for the Development of Green Hydrogen and Mega EV Park in Gujarat

Ahead of the Vibrant Gujarat Global Summit, Erisha E Mobility Private Limited has signed a USD 828 million Memorandum of Understanding with the Gujarat government to develop a green hydrogen production facility and an electric vehicle park. The company will deploy 100 EV charging hubs across Gujarat.

Erisha E Mobility will invest around USD 600 million to develop an ecosystem for green hydrogen production using renewable energy resources. The production facility is expected to generate 4,000 employment opportunities.

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The state-of-the-art EV park will cover an area of 320 acres. Erisha E Mobility will invest around USD 180 million in this project. It is anticipated that the EV Park will serve as a hub for the production of electric vehicles, research, technology providers, and ancillary units, thereby encouraging the expansion of the electric vehicle ecosystem in Gujarat and India. The EV Park is expected to generate 5,000 employment opportunities.

The company will invest around USD 48 million to establish a robust EV charging infrastructure. Erisha E-Mobility has signed similar MoUs with the Uttar Pradesh and Uttarakhand governments, with a combined investment of USD 756 million. With this collaboration, Erisha E Mobility’s cumulative investment across such initiatives reached a staggering USD 1.5 billion.

About Erisha E-Mobility

Erisha E Mobility is a young and ambitious Indian company making waves in the electric vehicle (EV) space. Founded in 2021 and based in New Delhi, Erisha is part of the prestigious Rana Group, known for its diversified business ventures.
 

Erisha focuses on designing, manufacturing, and distributing a wide range of innovative and high-quality electric vehicles for both passenger and cargo needs. They aim to contribute to a cleaner and greener future by promoting sustainable transportation solutions in India.

Erisha E-Mobility is rapidly expanding its production footprint in India to meet the growing demand for its electric vehicles. Here are some of their key upcoming projects:

• Jhansi EV Manufacturing Unit, Uttar Pradesh
• Expansion of Existing EV Manufacturing Facilities

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