The Andhra Pradesh Economic Development Board (APEDB) has announced that along with Urja Global, it has signed a memorandum of understanding (MoU) for setting up manufacturing units of lithium-ion batteries and electric vehicles for the development of electric mobility ecosystem.
Under the MoU, Urja Global has settled to capitalize ₹2 billion ($28.55 million) which will generate 250 direct and 1,000 indirect job opportunities. The manufacturing units will be set up at Anantapur, Nellore, and Chittoor in Andhra Pradesh.
“Andhra Pradesh as an emerging auto hub also enjoys the optimal inflection point to transition to electric mobility. One of the critical components of the e-mobility value chain is batteries and it is strategically important for Andhra Pradesh to compete in the global market”, believed J. Krishna Kishore, CEO of APEDB.
Urja Global is involved in designing, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid-connected solar power projects. Its current products also include lithium-ion batteries, e-rickshaws batteries, and automotive energy storage systems.
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