With an estimated investment of Rs 1,000 crore, Telangana is being actively investigated by Bengaluru-based electric vehicle (EV) startup River Mobility Pvt Ltd as a possible site for the establishment of a cutting-edge manufacturing plant.

This action is a component of the business’s grand intentions to increase manufacturing in order to satisfy India’s rising demand for electric automobiles.

In order to obtain sufficient property for the proposed project, talks are currently taking place with the governments of Telangana, Tamil Nadu, Karnataka, and Andhra Pradesh, according to River Mobility CEO Aravind Mani.

The business estimates that a factory that can produce up to 500,000 vehicles a year will need 25 to 50 acres of land.

Significant investments have already been made by River Mobility, including Rs 250 crore for its present R&D centre and a leased Bengaluru manufacturing site with a 100,000 unit annual production capacity.