Erisha E Mobility has secured $1 billion investment from a UAE-based investor to expand its operations in the UAE, Saudi Arabia, USA, Europe, and various African nations, in addition to strengthening its existing business in India.
Erisha E Mobility has secured $1 billion investment from a UAE-based investor to expand its overseas operations and strengthen the existing business in India. The company is working on e mobility, green hydrogen production, and development of smart manufacturing hubs/EV parks in India, UAE, KSA, USA and African countries.
“With the support of this distinguished investor, Erisha E Mobility will spearhead the engineering, procurement, construction, and operation of smart manufacturing hubs and an ecosystem dedicated to sustainable energy solutions,” stated the company.
Erisha’s smart manufacturing hubs, located within Special Economic Zones, will feature amenities such as accommodations, medical centers, educational institutions, hypermarkets, helipads, and air taxi services, ensuring seamless operations for industries within the premises.
Within these hubs, manufacturing activities will encompass electric vehicles, hydrogen vehicles, charging stations, vehicle components (including complete powertrain systems, batteries, fuel cells), electrolysers manufacturing, solar panels, and an R&D center. Acting as both a manufacturing and R&D hub for in-house products of Erisha E Mobility and Erisha Agritech, the facility will also offer plug-and-play spaces for external manufacturing firms and partners seeking advanced production capabilities.
Erisha E Mobility, an entity of the Rana Group, focuses on manufacturing, distribution, and export of electric vehicles, including hydrogen fuel cell buses. It is developing hydrogen fuel cells and hydrogen combustion engines under collaboration with a European partner.