UAE Based Meta4 To Invest Rs. 250 Crore For E2W Manufacturing Unit In Telangana

The United Arab Emirates based group Meta4 has announced investing in smart green mobility initiatives in India by setting up an electric vehicle manufacturing plant in Telangana. The company has already signed an MoU with the Government of Telangana, which will provide 15 acres of subsidised land in the National Investment & Manufacturing Zone at Zaheerabad, Telangana.

Meta4 has made this investment through Voltly Energy - which provides electric two-wheeler manufacturing and delivers energy-efficient EV charging solutions. As part of its sustainable drive, Meta4 will invest Rs. 250 crore to set up an electric two-wheeler manufacturing unit in the state of Telangana. 

The management team of Voltly Energy signed the MoU in the presence of Telangana State’s IT and Industries Minister KT Rama Rao and Jayesh Ranjan, Principal Secretary, Industries & Commerce I&C and Information Technology – Government of Telangana.

With the support of the Government of Telangana, the company aims to make the plant functional by the end of this fiscal year. Voltly Energy aims to manufacture at least 40,000 units in the first phase of the plant launch, and the capacity will be taken up to 100,000 within the next three years.

The new manufacturing plant will have major automation integration, including the latest semi-robotics and cutting-edge manufacturing machinery. The company says that this plant will help create nearly 500 direct and 2000 indirect jobs in the state.