POWER

Kinetic Green plans to invest Rs 1,750 cr in golf cart, battery swapping projects in Andhra

EV maker Kinetic Green is looking to set up a manufacturing facility for electric golf carts besides a battery swapping unit at an investment of Rs 1,750 crore in Andhra Pradesh, a top company official said.

Kinetic Green Energy & Power Solutions, which is a part of the Pune-based Kinetic Group, had in February 2018 announced setting up of a joint venture with Tonino Lamborghini in India for design and manufacture of premium segment golf carts and other electric off-road vehicles.

“We are exploring the possibility of setting up a unit in SEZ for the golf cart project. It is in the proposal phase. It is a combination of a unit in SEZ and we are also looking at investment in setting up battery swapping (infrastructure) to promote electric three-wheelers irrespective of the brand,” Kinetic Green founder and CEO Sulajja Firodia Motwani told in an interaction.

She said the company has submitted a proposal to the Andhra Pradesh government, and it is awaiting the government’s response.

Source
ET Energy World
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