Davos 2023: Gogoro, Belrise Ink Deal With Maharashtra Government to Set Up Battery Swapping Infrastructure

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Davos 2023: Gogoro, Belrise Ink Deal With Maharashtra Government to Set Up Battery Swapping Infrastructure

Gogoro claims that the infrastructure deployment will be the world's largest sustainability-focused portable energy system to date.

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Taiwanese electric mobility solutions provider Gogoro on Tuesday said it along with Belrise Industries has inked a pact with the Maharashtra government to set up battery-swapping infrastructure in the state.

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Gogoro and Belrise have inked a non-binding memorandum of understanding (MoU) with the Maharashtra government in this regard on the sidelines of the World Economic Forum in Davos, Switzerland.

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As per the agreement, Gogoro and Belrise -- a leading Tier-1 automotive system manufacturer which accounts for one-third of all two-wheel and three-wheel chassis made in India -- plan to set up a joint venture for the initiative.

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Gogoro and Belrise "plan to build a $2.5 billion (roughly Rs. 20,435 crore) battery swapping infrastructure in the state" with more partners and investors expected to join in over the next few years.

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The infrastructure deployment will be the world's largest sustainability-focused portable energy system to date, Gogoro claimed in the statement.

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It will focus on offering open access for a variety of uses including battery swapping, smart electric vehicles, mobility sharing, demand response services and distributed energy storage, smart agriculture, and other applications.