In a big boost to EVs in India, Essel Infraprojects (EIL), Essel Group has launched its electric vehicles charging stations and battery swapping technology initiative under Essel Green Mobility Limited in Lucknow, Uttar Pradesh. This new EV project will see an investment of Rs 1750 crore in a phased manner with a plan to launch 250 charging station and 1000 battery swapping stations in 20 UP cities. The foundation stone laying ceremony was laid by Prime Minister Narendra Modi. EIL’s electric vehicle launch was among different industrial projects announced in the state capital.
It is expected that EIL project will give a big boost to the overall EV Ecosystem in an effective manner, and the company will also invest in deploying around 25,000 e rickshaws which will generate 50,000 jobs in the state. EIL says that this will help in the reduction of the overall cost of battery charging and would help to bring at par with CNG or any other alternative fuel. The project will also address the issue of last mile connectivity which has been a major stumbling block in local transport infrastructure.