Switch Mobility gets an investment of £300 million for developing light commercial vehicles and electric buses in the UK and India. During the visit of the Prime Minister of Britain, Boris Johnson, the deal was signed.
UK Prime Minister, Boris Johnson, also praised Switch Mobility during his trade visit to India. He said, “We are committed to rolling out next-generation clean green buses in the UK, and Switch Mobility is at the forefront of that revolution. This announcement will bring high-quality jobs and skills to both the UK and India, and is testament to our partnership in the industries of the future.”
With the Company expecting to create over 4000 skilled jobs in the UK and India as part of the investment, the Prime Minister’s visit also coincided with the launch of the Company’s new 12m electric bus for India and the announcement of a new Technical Centre in the UK.
“We are delighted that the Prime Minister has commended the investment Switch is making to become a leader in electric transportation as an example of the benefits of UK-India collaboration. Since forming Switch Mobility over a year ago, we have seen the pace of change to electric vehicles for public and commercial transportation increase significantly,” said Dheeraj Hinduja, Chairman of Switch Mobility.
“With a strong order bank of nearly 600 buses and ambitious investment plans already in place, we believe we are well placed to capitalise on this growth. The new 12m bus has been designed specifically taking into account the requirements of the Indian market and delivering a range of up to 300km,” he added.
As part of the company’s investment into the UK, Switch’s new Technical Centre will be the focal point of its Global Research and Development team. Creating over 130 skilled jobs and led by Chief Technology Officer, Roger Blakey, the Centre will focus on development of Switch’s next-generation vehicles. The venue is expected to open in June 2022 and will work closely with Switch’s existing R&D offices in Chennai, Leeds and Valladolid employing a further 200 engineers.
