Erisha E Mobility, an e-mobility entity of Rana Group, plans gigawatt-scale manufacturing of battery cells for electric vehicles in the near future.
Darshan Rana, chairman and managing director of Rana Group, told pv magazine, “Erisha is currently working on developing new technologies for lithium battery cell manufacturing. The company is in discussion with foreign investors to raise funds. We aim to make Erisha E Mobility a unicorn (reach a valuation of $1 billion) within three years.”
Erisha E Mobility will also develop hydrogen fuel cells and hydrogen combustion engines as it plans to roll out hydrogen vehicles.
Rana said they have entered into a joint venture with a German company for hydrogen fuel cells, hydrogen containers, and hydrogen system integration into the vehicle. Initially, hydrogen fuel cells will be imported. Local manufacturing in India will start within two-three years.
Erisha E Mobility today launched an electric cargo loader, electric delivery van, and electric passenger vehicle (three-wheeler auto rickshaw) in the L5 category, and EV charging stations.
“Phase 2 will see the development of commercial vehicles with capacity ranging from 1.5 to 20 tonnes. Phase 3 will expand the company’s vision in producing electric two-wheelers in slow as well as high-speed domains. Phase 4 will further strengthen the company’s position as a solution provider for all EV segments by launching electric buses in the 7m, 9m, and 12m range. We are also committed to developing the ecosystem for electric charging stations pan India to support electric vehicles,” said Rana.
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