Chennai, Aug. 13 -- Plugzmart, a Tamil Nadu-based EV charging technology company incubated at IIT Madras Research Park on Wednesday signed a Memorandum of Understanding (MoU) with the State Government to invest Rs 100 crores to expand its manufacturing footprint, R and D capabilities, and charging infrastructure ecosystem.
The MoU was inked at the first ever 'Vettri Tamil Nadu Investment Conclave 2026' in the presence of Chief Minister C. Joseph Vijayand company officials.
The strategic investment is projected to generate over 500 direct, high-skilled jobs in hardware engineering, power electronics, embedded software, and advanced manufacturing across Tamil Nadu over the next three years.
As a full-stack EV infrastructure builder, Plugzm...