State of Maharashtra goes big at the World Economic Forum at Davos regarding big EV development


Maharashtra at World Economic Forum: Today’s world is a world of collaboration. It’s a realm where possibilities that never seemed real or achievable before come to fruition thanks to an ebb of ceaseless collaborations that bring the best of both worlds.

It’s true for IT, Architectural Development, Renewable Energy and it cannot be any truer for film production for instance. And yet, at the same time, it is very evident for industries such as Software development and now, as one is seeing it, Electric vehicles.

What could be a truer and better example of the above than what transpired at the ongoing World Economic Forum at the snowy, swanky and princely Switzerland-bound Davos?

For it was here at Davos, where two major firms connected in the realm of Energy and Battery-Swapping came together to announce a massive development whose end benefit lies for the world of electric cars.

Now just what is this development about and how does it realistically impact the world of electric vehicles to be frank?

In order to gauge that, let us delve into some key insights that cropped up from a latest media report published on YourStory on the subject:

At the World Economic Forum in Davos, Switzerland, the State of Maharashtra signed a deal with Gogoro and Belrise wherein the companies committed to invest $2.5 billion over eight years to help the state scale its energy infrastructure. 

The deal is expected to lead to an increase EV adoption, create jobs in the smart and clean energy ecosystem, and encourage more players to set up EV manufacturing and assembly plants in the state. The battery-swapping infrastructure will be deployed from this year. 

“The future of smart sustainable cities and countries is not about a single company or government but about a community coming together to instil a new way of thinking and a new way of utilising sustainable energy in an open and accessible way,” Horace Luke, Founder and CEO of Gogoro, said in a press statement.

Having said the above, what’s interesting is that company executives from Gogoro were present at the 2023 AutoExpo, currently taking place in Delhi NCR-bound Greater Noida exposition, where it also became known that the firm has only just signed a new deal with a company called Metalman to produce a whole new range of electric scooters. 

Their operations will be tied to the Aurangabad plant. 

To sum it up, what’s rather interesting is that the Electric Vehicle industry is indeed becoming a compelling narrative at whose heart lies a melange between new ideas, tech and a way to find collaboration! What do you reckon?