Biliti three-wheeler electric

 

Biliti to set up electric three-wheeler facility in Telangana

INTRODUCTION

Biliti Electric Inc. is a United States based company has planned to invest USD 150 million (about Rs 1,144 crore) in Telangana to establish a 2.5 lakh-unit-per-year electric three-wheeler plant. The new facility. according to the California-based company, will produce USD 150 million in private investment and over 3,000 jobs in the state, coinciding with the state's goal of becoming a global centre for electric vehicle(EV) and energy storage manufacturing. Gayam Motor Works (GMW) in Hyderabad currently manufactures Biliti's three-wheelers under an exclusive manufacturing partnership. The Taskman is a popular last-mile delivery vehicle that is utilised in 15 nations throughout the world, including Japan, the United States, the United Kingdom, and several European countries

In addition to manufacturing sites. Bilti maintains assembly operations in the United States, Portugal, and Kenya. According to the research. Taskman is used by Amazon, Ikea, Big Basket. Zomato. Flipkart, and Grofers, among others. "Over 1.2 Crore packages have been delivered already by the Taskman around the world. Our batteries and powertrain are compact and adaptable, allowing them to be used in a range of industries like automotive, marine, warehousing, and backup power. allowing for the growth of an Electric Vehicle ecosystem. The first phase, which will span 13.5 acres and be capable of producing 18.000 cars per year, is set to open in 2023 The larger factory, which spans 200 acres and can produce 2.4 lakh units per year, will open in 2024

CONCLUSION

Bilitis products, including the cargo model Taskman and the passenger version Urban for global markets, according to the business GEM Global Yield LLC based in Luxembourg has committed USD 400 million to Biliti in the form of a share subscription facility to help the company execute new strategic initiatives acquire cutting edge technology players and expand its manufacturing base in order to realise its vision of accelerating the world's transition to smart and sustainable technologies.