Gogoro, Belrise enter into 50:50 JV to invest $2.5 billion in Maharashtra.

Gogoro, a Taiwan-based global battery swapping ecosystems provider, and Belrise, a leading automotive systems manufacturer based in India, entered into a 50-50 joint venture recently that will invest around $2.5 billion over eight years with the Maharashtra government to build energy infrastructure across the State.

The companies plan to build a smart energy infrastructure in Maharashtra that is open and accessible and establishes battery swapping and smart battery stations as a leading source for mobility and energy storage, Gogoro said.

HBL