New Delhi based Urja Global has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh for development of an integrated plant for electric vehicles and Lithium-ion batteries including skilling in the state. The plant will be set up at an investment of Rs 200 crore.
The sites shortlisted for setting up the plant include Anantapur, Nellore, and Chittoor.
The company had recently signed a letter of intent with Economic Development Board of Andhra Pradesh for allotment of land for the project and approval of investment up to Rs 200 crore.
At its Board meeting, it approved the logo and name of the proposed electric cars to be manufactured. Dr Surendra Kumar was appointed as president, R&D-electric vehicles, who will be responsible to execute assignments related to R&D work application and smart electrical system.
The company has also partnered with E-trio Automobiles to provide technical assistance for retrofitting of old cars to make e-cars.
Tecchren Batteries—a subsidiary of US-based Tecchren Inc—will set up a 200 MWh LiFePO4 battery manufacturing unit at an investment of Rs446 crore.
U.S. rival Triton Solar, on the other hand, will invest Rs727 crore to set up a plant for batteries based on nano and lithium polymer technology. It aims to reach an annual production capacity of 200 MW.
Urja Global is engaged in design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid-connected solar power plants and decentralized solar power applications. It has two subsidiaries, Urja Batteries and Sahu Minerals, and also provides energy storage solutions including e-rickshaw and automotive batteries.