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Hyderabad: California-based Biliti Electric is investing Rs
400 crore in setting up the first phase of a manufacturing facility for
electric three-wheelers (E3W) as well as Lithium-ion (Li-Ion) battery packs at
Velimela on the outskirts of Hyderabad.
The new facility, which is spread over nearly 13 acres, will
have a phase-1 capacity to produce around 2,000 E3W per month and is expected
to create around 10,000 jobs.
The company, which has been set up by the founders of
Hyderabad-based Gayam Motor Works, is positioning itself as a significant
player in the global EV market and the greenfield facility is expected to
emerge as a pivotal hub for production of EVs and battery packs to cater to the
growing demand for sustainable last-mile mobility solutions.
Speaking at the ceremony, which was held on 10th
March, 2024; US consul general in Hyderabad Jennifer Larson termed it as a
significant initiative fostering strong business ties between US and India.
She also expressed delight at Biliti’s newly established
business partnerships with prominent US companies like GoBolt and FreshDirect.
Biliti Electric, CEO, Raja Gayam said “the ceremony marks a
pivotal moment for Biliti Electric as it embarks on a journey to reshape the
future of last-mile mobility globally. Biliti Electric specialises in creating
a scalable battery swapping network for urban mobility and energy storage and
has already deployed its vehicles and batteries across 15 countries and five
continents, with plans to leverage batteries as distributed energy resources,
particularly in urban environments, contributing to energy storage and grid
stabilisation at scale.”
Apart from the upcoming facility at Hyderabad, Biliti
Electric operates assembly plants in the United States, Portugal, and Kenya
with its Taskman technology being utilised by prominent players such as Amazon,
IKEA, JUMIA, BigBasket (Tata), Voi Mobility, Zomato, Flipkart (Walmart), among
others.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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