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Samko and Sram & Mram form joint venture to build AI-powered smart cities and Gigafactories in India and the UK, backed by multi-billion-dollar investments.
Samko Group and Sram & Mram Group have formed a joint venture to develop AI-ready smart cities, battery energy storage system (BESS) manufacturing, and large-scale townships in Tamil Nadu, India, and the UK.
The project, part of the Nikola Tesla Smart City initiative, involves multi-billion-dollar investments to build integrated urban centers with Gigafactories, residential and commercial spaces, and renewable energy systems across sites of at least 100 acres, each to be completed within 18 months.
The partnership combines Sram & Mram’s tech expertise and industry ties, including agreements with Tesla Group, with Samko’s financing, land acquisition, and execution capabilities.
The initiative aims to boost economic growth, create jobs, and advance sustainable infrastructure through automation and circular-economy practices.
Samko y Sram & Mram forman una empresa conjunta para construir ciudades inteligentes impulsadas por la IA y Gigafactories en la India y el Reino Unido, respaldadas por inversiones de miles de millones de dólares.