Türkiye allocates 64 billion liras to 33 mobility projects

Türkiye has allocated 64 billion liras to 33 mobility projects to develop technology and expand production of higher-value goods.

The funding is part of the government’s Technology-Oriented Industry Move Program, which supports investment in several industries.

The program has allocated 195 billion liras to 213 projects so far across fields including machinery, healthcare, chemicals and digital transformation.

Turkish Aerospace Industries received 10 billion liras to develop a domestically designed turbofan engine for aircraft, ships and unmanned systems.

Ulak Haberleşme received 4 billion liras to develop and manufacture 5G base stations tailored to operators’ needs.

Volta Motor received 2 billion liras to develop and localise a rechargeable, four-seat electric mini car for short urban trips.

The projects aim to build domestic technology and prepare products for production, with the engine project due to progress through design and qualification stages toward mass production.