UAE-based META4 Group has signed an MoU with the Telangana govt to set up an Electric Vehicle manufacturing plant with an investment of ₹250 crores in Zaheerabad, Telangana.
As per the MoU, the Telangana govt will provide 15 acres of subsidized land in the National Investment and Manufacturing Zone, Zaheerabad.
META4 has made this investment through Voltly Energy, which provides advanced EV 2-wheeler manufacturing and delivers energy-efficient EV charging solutions.