[ad_1]
Essel Infraprojects (EIL) announced on Sunday that it planned to gradually invest more than Rs 1,750 in the establishment of an infrastructure for charging and exchanging batteries for electric vehicles (UT) in Uttar Pradesh
. EIL, led by Chandra, said it planned to launch 250 charging stations and 1,000 battery exchange sites in 20 cities of Uttar Pradesh.
"Essel Infraprojects Ltd, an Essel group company headed by Subhash Chandra, is launching a vehicle charging and battery exchange infrastructure initiative under the direction of Essel Green Mobility Ltd in Lucknow today. (19659003) Sunday, "said the statement
at Prime Minister Narendra Modi's ceremony in Lucknow,
EIL will also invest in the simultaneous deployment of 25,000 e-rickshaws, which will generate 50,000 jobs in the state, he added.
This will reduce the cost of charging the battery and reduce the cost of running per kilometer on par with CNG or any other alternative fuel.
The company will also provide battery exchange options every 2 km 2 that will be supported by digital applications to allow drivers to locate the nearby converter station.
According to EIL, the battery can be changed in 2 to 3 minutes, which increases the productivity of the vehicles.
Operations will begin in Ghaziabad and cover other cities, including Lucknow, Kanpur, Agra, Noida, Meerut and Varanasi. "The project will revolutionize the electric vehicle industry in the country, especially the rickshaw segment, as drivers will not need to own any vehicles or batteries and will be able to start their business without too much "
Essel Group President, Subhash Chandra, said:" With the launch of this initiative, we have strengthened our partnership with the world's largest private equity organization. State and look forward to contributing to the government's vision of clean mobility. "
– IANS [19659002] bc / vd
(This story was not edited by Business Standard staff and is generated automatically from a syndicated feed.)
[ad_2]
Source link
