Nexzu Mobility aims to invest Rs 5,000 crore in Gujarat to set up Smart EV Park
Nexzu Mobility, an electric mobility company has signed a Memorandum of Understanding (MoU) with the Gujarat government, to develop what it claims is India’s first-ever Smart EV Park.
The company aims to invest Rs 5,000 crore over the next 10 years to set up the park, which it says is expected to generate employment for over 5,000 people. Work on the project is set to begin next year once land has been allotted to it.
The Smart EV Park will act as a hub providing comprehensive solutions for EV companies, professionals, owners, and users by enabling an ecosystem in a concentrated area, streamlining the supply chain, enabling cross-pollination of ideas, knowledge, and infrastructure sharing.
