Nexzu Mobility, a frontrunner in the electric mobility space, unveiled ambitious plans to establish a Smart EV Park in Gujarat, backed by a substantial investment exceeding USD 600 million (Rs 5,000 crore) over the next decade. The company has taken the first step by entering into a memorandum of understanding (MoU) with the state government, and the development is scheduled to kick off in the coming year, contingent upon the allocation of land to Nexzu Mobility.
Positioned as a centralized hub, the park is strategically designed to offer comprehensive solutions for Electric Vehicle (EV) companies, professionals, owners, and users. This will be achieved through ecosystem facilitation and infrastructure sharing. Nexzu Mobility underlined Gujarat’s attractiveness as an ideal location for the Smart EV Park, citing the state’s commitment to clean energy, mobility, high-tech manufacturing, and innovation. The initiative will further solidify Gujarat’s status as a prominent EV manufacturing hub, aligning seamlessly with the ‘Make-in-India, Make-for-the-World’ initiative.
The proposed Smart EV Park is envisioned as an industrial facility equipped with ready-to-use manufacturing facilities, common testing and research units, residential areas, and educational and healthcare amenities. The park will offer training facilities for professionals specializing in electronics, battery manufacturing, powertrains, and other EV components.
Nexzu Mobility highlighted the significance of the initial agreement with the Gujarat government, emphasizing that the EV sector is at a pivotal juncture. Recognizing electric vehicles as a crucial element in India’s efforts to reduce greenhouse gas emissions, the company foresees the Smart EV Park, akin to an EV City, as a catalyst for the holistic development of the EV ecosystem.
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