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Smart EV Park Worth INR 5,000 Crore To Soon Come Up In Gujarat

Opportunity India Desk
Opportunity India Desk Dec 22 2023 - 3 min read
Smart EV Park Worth INR 5,000 Crore To Soon Come Up In Gujarat
The proposed park will also include facilities designed to train professionals on the latest in electronics, battery manufacturing, powertrains and other EV components.

Nexzu Mobility, a sustainable urban transportation solutions provider, has unveiled plans to establish a Smart EV Park in Gujarat with a proposed investment of INR 5,000 crore over the next decade. The company has inked a Memorandum of Understanding (MoU) with the state government and said that the work on the proposed project is set to begin next year once land has been allotted to the company.

In an official statement, Nexzu Mobility highlighted its commitment to infusing INR 5,000 crore into the Smart EV Park project in Gujarat, foreseeing the creation of over 5,000 job opportunities. The proposed park aims to deliver comprehensive solutions for Electric Vehicle (EV) companies, professionals, owners, and users, promoting an ecosystem for concentrated infrastructure sharing and collaboration.

Atulya Mittal, Founder, Nexzu Mobility said, “We are excited to redefine the landscape of clean and green mobility by signing this ambitious MoU. 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.”

Facilities To Train Professionals

According to Nexzu Mobility, 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.

Nexzu Mobility emphasized the significance of the collaboration with the Gujarat government, characterizing it as a key moment in the mobility sector's evolution. Recognizing electric vehicles as a crucial element in India's efforts to reduce greenhouse gas emissions, the company stated that the Smart EV Park, akin to an EV City, will play a crucial role in advancing the overall EV ecosystem.

Tech And Infrastructural Support

Chintamani Sardesai, Business Head, Nexzu Mobility, said, “This is a first-of-kind development in the Indian EV ecosystem and has the caliber 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 startups with a high focus on sustainability.”

The company further added that the EV Smart Park will also support startup entities that have a vision and the technology, but lack the infrastructure or mechanical engineering and operations expertise required to kick start their operations.

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