Easy Power plans to put declare to world’s largest electrical two-wheeler manufacturing facility
Easy Power, a Bengaluru-based electrical automobile start-up, not too long ago shared it has signed a Memorandum of Understanding (MoU) with the Tamil Nadu authorities for a ₹2,500 crore funding. To what finish? To construct the world’s largest electrical two-wheeler plant which shall be positioned within the state. As a part of section 1 of the corporate’s manufacturing operations, the primary plant, unfold throughout 200,000 sq. toes, is being constructed close to Shoolagiri, Hosur. This plant can have an annual manufacturing capability of as much as 10 lakh items. Easy Power famous it expects the primary plant to change into operational by early 2022. The corporate will produce the Easy One electrical scooter on this first plant.
Suhas Rajkumar, founder and CEO, Easy Power, mentioned, “Tamil Nadu gave us the arrogance in creating the EV ecosystem which could be sustainable in reaching our long-term objectives. With the MoU, we decide to main the Indian electrical two-wheeler market in India by organising a resourceful ecosystem that may assist the nation’s imaginative and prescient to decrease carbon footprints at a sooner tempo. Easy Power will thus redefine electrical mobility in India.”
Then below the purview of section 2, the corporate will make an preliminary funding of ₹1,000 crore to construct the second plant throughout 600 acres. Easy Power mentioned the second manufacturing facility, which will even home a future-ready R&D centre, a world-class testing facility, and a vendor park, is about to change into operational by 2023.