Samko Group and SRAM & MRAM group sign JV for AI-ready Smart Cities

The JV will lead Nikola Tesla AI-ready largest smart cities integrated with BESS manufacturing facility and largest township rollout in Tamil Nadu and UK.

Samko Renewable Energy Limited, a subsidiary of Samko Holdings UK, has announced the signing of a landmark Joint Venture Association Agreement (JVAA) with SRAM & MRAM Projects Limited, a subsidiary of the SRAM & MRAM Group. The partnership establishes Samko SRAM & MRAM BESS Limited, a joint venture company that will spearhead the rollout of Nikola Tesla’s global network of integrated manufacturing townships. These advanced townships aim to build next-generation smart cities featuring GIGA factories, towers, commercial malls, coffee shops, and resorts, beginning in Tamil Nadu, India, and the United Kingdom.

A Multi-Billion-Dollar Smart City Vision Inspired by Nikola Tesla

The newly formed JV will act as the primary implementation vehicle for the Nikola Tesla Smart City Project, a multi-billion-dollar initiative designed to accelerate industrial modernization and global manufacturing capacity. Each township will span a minimum of 100 acres and will be built within an 18-month development cycle.

These Gigafactory-scale facilities will integrate automation, renewable-energy technologies, advanced storage systems, and circular-economy production frameworks—positioning both India and the UK as key hubs in global smart manufacturing.

Strategic Responsibilities of Each Partner

Under the JVAA, the SRAM & MRAM Group will provide technological know-how, strategic tie-ups, and offtake agreements with Tesla Group and other industry partners. They will also assist in working with government bodies to secure grants, incentives, and credit facilities crucial for mega-infrastructure rollout.

Samko Renewable Energy Limited, meanwhile, will take the lead in financing coordination, land acquisition, operational management, and working-capital execution—ensuring ground-level implementation aligns with global standards.

Leadership Perspectives on the Joint Venture

Dr Sailesh L Hiranandani, Chairman of SRAM & MRAM Group, stated,
“We are thrilled to partner with Samko Group and TESLA Group a.s. on this groundbreaking initiative. Our expertise in technology, healthcare, and global operations will catalyse innovation in renewable energy and biotechnology, creating jobs, advancing technology, and delivering economic benefits across nations.”

Highlighting the importance of global collaboration, Mr Nanda Bhagi, President of TESLA Group Global, said,
“The need of symbiotic associations with like-minded partners to propel the Group’s global business initiatives and hopes that the association is not just limited to the Energy storage division but shall encompass all the global manufacturing and energy storage facilities across various locations with immediate focus on Tamil Nadu in India and the United kingdom and shall concentrate on Nikola Tesla Smart city having GIGA Factories, Towers, Commercial Malls, Coffee Shops and Resorts and help build an integrated township that shall herald the beginning of a new global village community that shall be self-sufficient in all respects.”

Site Finalization in India and the United Kingdom

Renowned renewable-energy entrepreneur Mr Sampath Kumar Mallaya has collaborated with SRAM to finalize prime locations in both Tamil Nadu, India, and the United Kingdom. These sites will host India’s first and largest integrated smart city featuring a Gigafactory under the Nikola Tesla vision.

Strengthening the Technological Bridge Between the Groups

Mr Vaidyanathan, CEO of Samko Holdings, has played a key role in building the company's end-to-end tech stack and enabling Samko’s expansion into petrochemicals. Acting as a strategic bridge between SRAM and Samko, he has helped establish a strong, symbiotic relationship that strengthens the JV’s long-term vision.