ETO Motors, an electric mobility services company, has inked a memorandum of understanding (MoU) with the Telangana government to set up a greenfield manufacturing facility for its range of electric vehicles, including three wheelers.
The manufacturing unit will be set up under its subsidiary Keto Motors, with an investment of Rs 150 crore. The project will generate employment for more than 1,500 people.
The company’s product range includes ergonomically designed zero-emission electric three-wheelers in passenger as well as in the cargo segment. Powered by high capacity AC-induction motor, ETO Motors uses lithium-ion batteries in its electric three-wheelers that give a range of up to 120 km on a single charge. The vehicles are manufactured using ABS panels and aluminium chassis.