Cargo Matters Signs MoU With Andhra Pradesh Government For ₹100 Crore EV Manufacturing & Charging Hub

Delhi-based Cargo Matters has announced it has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to establish an electric vehicle manufacturing and charging hub. The logistics and sustainable infrastructure firm announced it will be investing a total of ₹100 crore, accelerating the electrification of heavy commercial vehicles (HCVs). The project aligns with the Andhra Pradesh EV Policy 2024-2029.

Cargo Matters said it has formally submitted a Detailed Project Report (DPR) to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for the allotment of 18 acres of industrial
land. The company has envisioned the facility as a multi-functional ecosystem, featuring a dedicated manufacturing block for charger production, a specialised retrofit facility for heavy
vehicle electrification, and a robust R&D unit for validation and certification.

Speaking about the MoU, Umesh Padala, Founder & Chairman, Cargo Matters, “This MoU represents our commitment to practical decarbonisation. While the passenger EV market is
maturing, the heavy freight sector remains the final frontier. Our Madanapalle facility will
provide fleet owners with a cost-effective pathway to electrification through advanced
retrofitting and dedicated heavy-duty charging networks."

Shri P.N Mahesh, Director, APIIC, added, "As part of our commitment to building a green
and future-ready logistics ecosystem, we are pleased that Cargo Matters has chosen
Madanapalle for its upcoming hub. The project aligns with the Andhra Pradesh Sustainable Electric Mobility Policy 4.0 (2024–2029) and strengthens our ‘Green Freight’ vision. Strategically located near the borders of Karnataka and Tamil Nadu, with Bengaluru about 100 km away and Chennai around 250 km away, Madanapalle offers excellent connectivity for logistics operations.”

The company says its upcoming facility will create 1,000 direct jobs and about 3,000 indirect employment opportunities within the state. An investment of ₹50 crore has been earmarked for charging infrastructure to support the regional heavy-duty electric corridors. Cargo Matters says pilot operations are expected to begin within 12-18 months, with full commercial commissioning targeted within 24 months of approval, under the state’s proactive industrial policy.