Erisha E Mobility Secures $1Bn for Global Expansion, Green Energy Push – EQ
In Short : Erisha E Mobility has secured $1 billion funding to support its global expansion and green energy initiatives. The investment will boost the company’s electric vehicle manufacturing, renewable energy projects, and infrastructure development. Erisha aims to strengthen its presence in international markets while contributing to sustainable mobility and clean energy goals aligned with global climate commitments.
In Detail : Erisha E Mobility on Wednesday announced the acquisition of $1 billion from UAE-based investor. The partnership is aimed at the company’s operational expansion in the UAE, Kingdom of Saudi Arabia, Europe, and African nations along with its existing business in India.
The investment will be used for engineering, procurement, construction, and operation of smart manufacturing hubs.
“This collaboration underscores our commitment to revolutionsing the green energy sector on a global scale. We are poised to develop cutting-edge smart manufacturing hubs that will set new benchmarks in sustainable industrialisation,” said Erisha E Mobility managing director and chairman Dr Darshan Rana.
The smart manufacturing hub is a project focusing on high-tech companies for electric and hydrogen vehicles, their components, equipment for hydrogen production and renewable energy, eVTOL, and semiconductor production. The project will be an ecosystem of industries incorporating a mix of industrial, hospitals and medical colleges, hypemarkets, warehouses, etc.
