Gogoro, Belrise to invest $2.5 bn on Battery-swapping Infra in Maharashtra

  • The state of Maharashtra has signed a deal with Taiwan’s Gogoro and automotive system maker Belrise Industries for an investment of $2.5 billion for eight years.
  • Reason: To establish batteries as a leading source for mobility and energy storage in Maharashtra
  • Gogoro is known for its green-hued battery swap distribution network for riders in Taiwan.
  • India’s Belrise Industries Ltd produces about one-third of all two-wheel and three-wheel chassis made in the country.