Biliti Electric Inc (Biliti), based in the United States, has announced plans to develop the world's largest electric three-wheeler plant in Telangana, India, with a capacity of 240,000 electric vehicles per year. Biliti currently manufactures its three-wheelers through an exclusive manufacturing agreement with Gayam Motor Works (GMW) in Hyderabad.
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The new plant is expected to generate USD 150 million in private investment and over 3,000 employment in the state, in line with the state's goal of becoming a global centre for electric vehicle (EV) and energy storage manufacturing.
This is the largest investment in EV manufacturing announced in the State this year, coming shortly after another California-based company Fisker announced its second headquarters in Hyderabad. The State is committed to promoting clean industries and promises to extend all benefits to the company admissible under the government policy, KT Rama Rao, Telangana's Industries Minister, stated.
The Taskman is a popular last-mile delivery vehicle from the brand which is used in 15 countries throughout the world, including Japan, the United States, the United Kingdom, France, Portugal, Germany, Lebanon, Uganda, Kenya, Senegal, Nepal, Bangladesh, Dubai, and India.
Bilti has assembly plants in the United States, Portugal, and Kenya, in addition to manufacturing facilities. Amazon, Ikea, BigBasket, Zomato, Flipkart, and Grofers are among the companies that utilise Taskman.
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"The Taskman has already made more than 12 million deliveries worldwide with many more to come. Our batteries and drivetrain are compact and modular in design, allowing them to have wider applications in auto, marine, warehousing, and backup power sectors, enabling the buildout of an EV ecosystem," said Biliti Electric CEO Rahul Gayam.
Biliti's primary technological advances set it apart from the competition. Its SmartSwapp technology enables vehicle batteries to be replaced in under one minute, overcoming obstacles such as a lack of charging infrastructure, inconsistent electric grid, range, and time constraints for delivery drivers.
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GEM Global Yield, based in Luxembourg, has committed $400 million (Rs 3,029 crore) in the form of a Share Subscription Facility to Biliti, putting the company in a strong position to accelerate growth, execute new strategic initiatives, acquire cutting-edge technology players, and expand its manufacturing base.
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