Blue Energy Motors, a key partner in Essar’s green mobility initiative has signed a memorandum of understanding (MoU) with the Maharashtra government at the World Economic Forum in Davos.

This MoU marks a significant step towards Blue Energy Motors’s proposed investment in the state, which involves the manufacturing of 30,000 electric vehicles (EV) trucks. The initiative aims to bolster industrial growth and enhance the region’s EV manufacturing infrastructure. Under the agreement, Blue Energy Motors will invest approx. Rs 3,500 crore to set up a state-of-the-art manufacturing facility for advanced electric trucks. This facility will house cutting-edge R&D capabilities, a battery-pack line, motor manufacturing units, and charging stations.

The project is expected to create over 4,000 direct employment, contributing to Maharashtra’s transition to green energy development, and is scheduled to begin in 2025-26. The interconnected facility will incorporate advanced manufacturing practices, producing zero-emission electric trucks. These AI and ML-enabled EV commercial vehicles are designed to enhance efficiency and reliability in heavy-duty trucking while significantly reducing carbon emissions.