0
0
Elvania Energies 369 Pvt. Ltd. Signs Two Strategic MoUs with Government of Tripura to Invest ₹100 Crore in Renewable Energy, EV Mobility & AI
ASIA SPEAKS NEWS SERVICE
Agartala, Tripura | July 10, 2026
In a landmark achievement at the Destination Tripura Business Conclave 2026, Elvania Energies 369 Pvt. Ltd., led by its Founder, Director & CEO Aarif Shafi Khanyari, signed two Memorandums of Understanding (MoUs) with the Government of Tripura—one with the Department of Transport and another with the Department of Information Technology—marking one of the most significant private sector commitments in the state’s emerging Renewable Energy and Electric Mobility ecosystem.
As per the signed MoUs, Elvania Energies 369 Pvt. Ltd. has proposed an investment of ₹100 Crore over the next five years, with the project expected to generate 1,000–2,500 direct and indirect employment opportunities while establishing Tripura as a strategic hub for Electric Mobility, Renewable Energy and Artificial Intelligence-driven transportation solutions.
Key Highlights of the MoUs
Department of Transport, Government of Tripura
EV Manufacturing (2-Wheeler, 3-Wheeler & 4-Wheeler)
AI & IoT Integrated Smart Mobility
Proposed Investment: ₹100 Crore in 5 Years
Employment Generation: 1,000–2,500
Expected Outcomes:
Economic Development
Job Creation
Skill Development
Department of Information Technology, Government of Tripura
Renewable Energy
Electric Mobility Manufacturing
Skill Development
AI-enabled Mobility Technologies
Battery Energy Storage System (BESS) Assembly
AI-based Smart Mobility Development
Employment Generation: 1,000–2,500
TRINETRA – Elvania’s Vision 2030
Following the signing of the MoUs, Elvania announced that it will begin implementation of its flagship TRINETRA Project in Agartala within the next three months.
TRINETRA
T – Tripura
R – Renewable Energy
I – Integrated
N – Network for
E – Electric Mobility
T – Technology
R – Research
A – Advancement
TRINETRA stands for Tripura Renewable Energy Integrated Network for Electric Mobility Technology, Research and Advancement.
The project will be implemented through four flagship initiatives:
- Renewable Energy Solutions
- Electric Vehicle Manufacturing & Smart Mobility
- Battery Energy Storage Systems (BESS)
- Artificial Intelligence & IoT for Electric Vehicles
With an investment of ₹100 Crore over the next five years, Elvania aims to make Tripura the gateway for Renewable Energy, Electric Mobility and AI-driven transportation technologies for Northeast India and Southeast Asia.
Statement from Aarif Shafi Khanyari
Founder, Director & CEO, Elvania Energies 369 Pvt. Ltd.
“The signing of these two MoUs marks a defining milestone in Elvania’s journey. I sincerely thank the Government of Tripura for its confidence in our vision. Through the TRINETRA Project, we are committed to investing ₹100 Crore over the next five years to build an integrated ecosystem of Renewable Energy, Electric Mobility, Battery Energy Storage Systems and Artificial Intelligence. Our mission is to position Tripura as a strategic manufacturing and technology hub serving Northeast India and Southeast Asia while creating employment, nurturing innovation and accelerating sustainable economic growth.”
Government Perspective
The Government of Tripura welcomed the proposed investment, noting that collaboration with innovative enterprises such as Elvania Energies 369 Pvt. Ltd. is expected to strengthen industrial development, create employment opportunities, enhance skill development and support the state’s vision of becoming a leading destination for clean energy and next-generation mobility technologies.
