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Biliti Electric To Invest $150 Million In Telangana To Establish The World’s Largest Electric Three-Wheeler Facility

TNI || New Delhi || 20th April 2022

Biliti Electric Inc. of California is partnering with Gayam Motor Works (GMW) of Hyderabad to build the world’s largest electric three-wheeler production facility, with a capacity of 240,000 vehicles per year at an investment of $150 million (about Rs 1,144 crore) in Telangana.

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This most significant investment in Telangana’s electric vehicle manufacturing sector will be in a 200-acre manufacturing facility that will be operational in two phases.

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The company, which makes products such as the cargo model Taskman and the passenger version Urban, said the first phase would begin in early 2023 with 18,000 vehicles per year, subsequently turning into a capacity of 240,000 vehicles by 2024.

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Taskman, Biliti’s popular last-mile delivery truck, is used in 15 countries, including Japan, the United States, the United Kingdom, France, Portugal, Germany, India, and more.

Taskman users include Amazon, Zomato, Flipkart (Walmart), IKEA, Wasoko (Sokowatch), BigBasket (Tata),and Grofers. The California-based automaker currently has production and assembly factories in the United States, Portugal, and Kenya.

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Biliti said in a statement on April 19 that its core technological innovations set it apart in the market, and that its SmartSwaap technology allows vehicle batteries to be swapped in under a minute, overcoming challenges such as a lack of charging infrastructure, an unreliable electric grid, and variety and time constraints for delivery drivers.

Their batteries and powertrain are lightweight and flexible in design, enabling them to have broader applications in the auto, marine, warehouse, and backup power sectors, promoting the creation of an EV ecosystem, stated Rahul Gayam, CEO of Biliti Electric.

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Biliti’s investment follows another California-based business, Fisker, declaring its second headquarters in Hyderabad, as per KT Rama Rao, Telangana Industries Minister.

Rao said that the state is committed to encouraging clean industries and pledges to extend all benefits to the company admissible under government policy, adding that Biliti’s founders were earlier associated with the Telangana government and spearheaded the advancement intermediary as well as business incubator T-Hub through a previous start-up.

Dibakar Yadav

Author and Founder of Trucking News India