Sat. Apr 20th, 2024

365Telugu.com online news,Hyderabad,10th March 2023: California-based Biliti Electric achieved a momentous milestone on Saturday with the groundbreaking ceremony for its new manufacturing facility in Velimela, Hyderabad. The expansive 13 acre plant is set to become a pivotal centreto produce electric three-wheelers and advanced Li-Ion battery packs, catering to the growing demand for sustainable last-mile mobility solutions.

Designed with strategic intent, the state-of-the-art manufacturing facility boasts a production capacity of 2,000 electric three-wheelers per month, positioning itself as a significant player in the global electric vehicle market.

400 crore rupees..

This venture is poised to bolster Telangana’s economic growth by creating over 10,000 job opportunities, contributing to employment and skill development in the region. The estimated private investment for the new plant is assessed at more than 400 crore rupees.

Mrs. Jennifer Larson, Consul General of USA, Hyderabad, took part in laying the Foundation Stone during the groundbreaking ceremony. The distinguished presence of Mr. Gopalakrishnan VC, Director of Automotive and EV, Govt. of Telangana, India, underscored their shared commitment to advancing sustainable mobility solutions and propelling economic growth.

“Being a US-based company, I am very happy to witness Biliti Electric setting the groundwork for the next phase of its factory expansion in India,” said Mrs. Jennifer Larson, Consul General of USA, Hyderabad. She expressed delight in learning about the company’s newly established business partnerships with prominent US companies like GoBolt and FreshDirect. Mrs. Larson emphasized the significance of this initiative in fostering strong business ties between the United States and India, marking a positive stride in collaborative ventures and technological advancements.

Mr. Raja Gayam, CEO of Biliti Electric, expressed enthusiasm about the development, stating, “This groundbreaking ceremony marks a pivotal moment for Biliti Electric as we embark on a journey to reshape the future of last-mile mobility globally.

Biliti Electric specializes in creating a scalable battery swapping network for urban mobility and energy storage. The company pioneers the development and manufacturing of advanced modular battery technology suitable for various vehicle form factors. Its primary application has been in the realm of three-wheelers for last-mile delivery.

Biliti has deployed vehicles and batteries across 15 countries and 5 continents, with the vision to leverage batteries as distributed energy resources, particularly in urban environments, contributing to energy storage and grid stabilization at scale.

In addition to the new manufacturing facility, Biliti Electric operates assembly plants in the United States, Portugal, and Kenya. Taskman, Biliti’s cutting-edge technology, is utilized by prominent entities such as Amazon, IKEA, JUMIA, BigBasket (Tata), Voi Mobility, Zomato, Flipkart (Walmart), and others. The company has garnered support from distinguished figures in the automotive industry, including G. Richard Wagoner, Jr., former CEO of General Motors, and Mark Joseph, Former CEO of Veolia Transportation and Transdev N.America, who serve on its Board of Advisors.

Biliti Electric..

Established in 2021, Biliti Electric is a rapidly growing energy and mobility company specializing in the design and manufacturing of modular batteries featuring advanced materials and compact electric vehicles (EVs). Co-Founder and CTO Rahul Gayam, recognized as one of Forbes Asia’s 30 Under 30 in 2018, further solidifies Biliti’s innovative presence. In 2019, he served as a Global Fellow of Mercedes-Benz EQ. The company is actively engaged with various incubators and accelerators, including Newlab at Michigan Central Mobility Studio in the USA, T-Hub in India, and the Los Angeles Cleantech Incubator (LACI).

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