India's state of maharashtra and gogoro to partner on 'ultra mega project' to manufacture and deploy smart battery infrastructure that would exceed $1.5 billion over eight years

Maharashtra's ultra mega project offer outlines an eight year phase 1 investment plan that includes more than $500 million investment in manufacturing and $1 billion in smart battery infrastructure deployment by gogoro supported by financial incentives and reimbursements by the state of maharashtra. the project would be one of the largest ev investments in india's history and follows an mou announcement at davos in january 2023.
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