Cargo Matters set to invest ₹100 cr in Andhra for EV charging hub

Cargo Matters has signed an MoU with the Andhra Pradesh government to establish an integrated EV manufacturing and charging hub with an investment of ₹100 crore. The project is expected to create around 1,000 direct and 3,000 indirect jobs. Pilot operations are likely to begin within 12-18 months, with full commercial commissioning targeted within 24 months.