<h1>Mercury Ev-Tech Limited Receives GEDA Approval for Marketing Battery Operated Three Wheelers in Gujarat</h1>
Mercury Ev-Tech Limited has secured approval from the Gujarat Energy Development Agency (GEDA), a Government of Gujarat organization, for the marketing and distribution of Battery Operated Three Wheelers (E-Rickshaw) equipped with Lithium-ion batteries. This approval covers operations within the state of Gujarat during the financial years 2026-27 and 2027-28.
The company has been entrusted with the role of marketing and distributing these vehicles, which are intended to be sold to individual and institutional beneficiaries in Gujarat. GEDA confirmed that vehicles matching specified criteria can qualify for a subsidy of Rs. 48,000 per vehicle.
Mercury Ev-Tech Limited operates several models across Low Speed and High Speed categories, including Tejashvi Plus, Voltus Plus, and Limosa. The vehicles are subject to specific maximum ex-showroom prices in Gujarat State (excluding GST).
The following table details the approved models, their category, maximum ex-showroom price (excluding GST) in Gujarat, and the allotted target numbers:
| Model | Category | Maximum Ex-Showroom Price (in Rs.) | Allotted Target Nos. |
|---|---|---|---|
| Tejashvi Plus | Low Speed | 3,00,000 | 25 |
| Tejashvi Neo Plus | Low Speed | 3,00,000 | 25 |
| Voltus Plus | Low Speed | 3,00,000 | 25 |
| Voltus Leo Plus | Low Speed | 3,00,000 | 25 |
| Voltus Green Plus | Low Speed | 3,00,000 | 25 |
| Voltus Green Leo Plus | Low Speed | 3,00,000 | |
| Limosa | High Speed | 5,00,000 | |
| DODO | High Speed | 5,00,000 | |
| DODO Plus | High Speed | 5,00,000 | |
| Kala Ghoda | High Speed | 5,00,000 | |
| Kala Ghoda Clean | High Speed | 5,00,000 |
The subsidy scheme is effective from May 1, 2026. The GEDA approval specifies that these vehicles must be marketed and distributed at the stated maximum ex-showroom price to qualify for the Rs. 48,000 subsidy provided by GEDA. Priority in selecting beneficiaries will be given to rickshaw drivers, women entrepreneurs, young startup entrepreneurs, non-profit organizations, institutions managed by women or Self-Help Groups (SHGs), pilgrimage centers, religious places, tourist destinations, and capable local self-government institutions.
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