US-based Biliti Electric Inc on Tuesday said it is planning to invest USD 150 million (around Rs 1,144 crore) to set up an electric three-wheeler plant with a production capacity of 2.5 lakh units per year in Telangana.
The new plant is estimated to drive private investment of USD 150 million and create over 3,000 jobs in the state, aligning with the state’s policy to become a global hub for electric vehicle (EV) and energy storage manufacturing, the California-based company said in a statement.
Biliti currently operates through an exclusive manufacturing partnership with Hyderabad-based Gayam Motor Works (GMW) for manufacturing its three-wheelers.
The company’s Taskman is a popular last-mile delivery vehicle, which is deployed in 15 countries across the globe, including Japan, the US, UK, France, Portugal, Germany, Lebanon, Uganda, Kenya, Senegal, Nepal, Bangladesh, Dubai and India.
