Indian sustainable energy and electric vehicles company Erisha E Mobility announced plans on Friday to invest $830 million in a hydrogen and “mega EV park” in the Indian state of Gujarat.

Under an MoU signed with the Gujarat state government, the company will explore, develop, and implement renewable energy, with a focus on green hydrogen production. Erisha will also establish an EV park and deploy 100 EV charging hubs across the Indian state, Kallanish learns from a company statement.

“We are excited to partner with the Gujarat Government in their mission to accelerate the adoption of electric vehicles,” says Erisha chairman and managing director Darshan Rana. “Our expertise in electric mobility solutions, combined with the government's commitment to sustainability, will undoubtedly create a positive impact on the environment, accelerate the adoption of green hydrogen and drive economic growth.”

The biggest chunk of the investment – $600m – will be spent on setting up a green hydrogen ecosystem using renewable energy sources, in collaboration with Erisha's European partners. The hydrogen ecosystem alone is expected to employ 4,000 people in Gujarat.

Meanwhile, the company will use $180m to set up an EV park, which is anticipated to become a hub for innovation, research, and development in the e-mobility sector. The park will serve as a base for EV manufacturing, as well as for fostering collaboration between technology providers and researchers.

The remaining $50m will go towards establishing a “robust” charging infrastructure through the installation of 100 EV charging hubs in Gujarat, the company added.

Earlier last week, Indian power utility Torrent Power also inked four MOUs with the Gujarat government to invest INR 473.5 billion ($5.69 billion) in renewables, green hydrogen and power distribution in the state. Of this, INR 7 billion has been earmarked for a green hydrogen and green ammonia project in Banaskantha.