Erisha E Mobility Secures $1Bn for Global Expansion, Green Energy Push

Erisha E Mobility on Wednesday announced the acquisition of $1 billion from UAE-based investor. The partnership is aimed at the company’s operational expansion in the UAE, Kingdom of Saudi Arabia, Europe, and African nations along with its existing business in India.

The investment will be used for engineering, procurement, construction, and operation of smart manufacturing hubs.

“This collaboration underscores our commitment to revolutionsing the green energy sector on a global scale. We are poised to develop cutting-edge smart manufacturing hubs that will set new benchmarks in sustainable industrialisation,” said Erisha E Mobility managing director and chairman Dr Darshan Rana.

The smart manufacturing hub is a project focusing on high-tech companies for electric and hydrogen vehicles, their components, equipment for hydrogen production and renewable energy, eVTOL, and semiconductor production. The project will be an ecosystem of industries incorporating a mix of industrial, hospitals and medical colleges, hypemarkets, warehouses, etc.

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The company, in an official statement, stated that it is the largest supplier of heavy machinery used in highways, mining, buildings, and industrial applications. Additionally, it has extensive expertise in non-ferrous metals such as copper, aluminium, silver, phosphates, marble, and granite.

It has also forged a partnership with China Construction Eighth Engeering Division, a subsidiary of China State Construction Engineering which is the world’s largest construction company. This collaboration positions CCEED as the Engineering, Procurement, and Construction (EPC) contractor for Erisha E Mobility’s Smart Manufacturing Hub in the UAE.