# IIT-M incubatee Plugzmart signs Rs 100 crore MoU with TN govt 2026-08-14T06:44:12+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Plugzmart, an IIT Madras-incubated EV charging startup, has signed a MoU with the Tamil Nadu government to invest Rs 100 crore in expanding its manufacturing and R&D operations. The agreement was signed on Thursday at the Vettri Tamil Nadu Investment Conclave 2026 in the presence of Chief Minister C. Joseph Vijay. The company expects to create 500 jobs over three years in hardware engineering, power electronics, and embedded software. Its existing plant in Oragadam will scale up production of indigenous chargers ranging from 3.3 kW to 360 kW. The MoU aims to strengthen the state's EV charging infrastructure for OEMs, fleet operators, and public projects. ## Coverage - thehindu.com Tags: EV charging, IIT Madras, job creation, manufacturing, Tamil Nadu investment Canonical: https://indianopinion.org/iit-m-incubatee-plugzmart-signs-rs-100-crore-mou-with-tn-govt/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/iit-m-incubatee-plugzmart-signs-rs-100-crore-mou-with-tn-govt/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.