Servotech Power Systems Expands EV Charger Business In The UK And Beyond

In order to expand their EV charger distribution network throughout the UK and beyond, including North America, Servotech Power Systems Ltd., the largest EV charger manufacturer in India, and UK-based Ensmart Power, a pioneer in Critical Power, Solar, and Energy Storage Systems, have signed a sole distribution agreement on Wednesday.

This agreement will take advantage of the rapid rise in the use of electric vehicles in specific regions. As a team, Servotech's cutting-edge EV charging technologies and Ensmart Power's knowledge of energy distribution and storage will combine to create a collaboration that will provide customers access to a dependable and convenient charging infrastructure. The partnership will propel the development of sustainable mobility options, fostering the growth of a transportation ecosystem that is carbon neutral and establishing new benchmarks for effectiveness, dependability, and ecological sustainability.

Raman Bhatia, Founder and Managing Director, Servotech Power Systems Ltd. commented, "This collaboration is a strategic move to establish a strong international footprint and bring innovative solutions closer to overseas users, with an emphasis on local production. Servotech aims to deliver world-class EV charging solutions and this partnership will allow us to localize Ensmart Power's global expertise and address the increasing demand for innovative charging solutions. Each charging point will contribute to a comprehensive network of stations, accessible to all electric four-wheelers, enhancing the on-the-go charging experience for emobility users in the UK and other regions."

Deniz Taner, Managing Director, Ensmart Power stated "We are thrilled to associate with an industry leader like Servotech. Having worked with Raman Bhatia for more than a decade, this solidifies our relationship as we aim to cross-pollinate IP and ideas to ensure the collective businesses go from strength to strength. We are excited about making EV charging solutions more accessible and affordable, driving sustainable profits and shaping the future of electric mobility. This collaboration is set to alleviate range anxiety for EV owners and pave the way for future advancements in cutting-edge technology and faster charging speeds, transforming the emobility landscape in the UK and other regions."

Servotech Power Systems Ltd. recently received a new order from the Nashik Municipal Corporation (NMC) on October 07, 2024. Servotech was previously asked by the firm to provide, commission, and build twenty electric vehicle (EV) charging stations within the Nashik Municipal Corporation region. Owing to the prompt execution and delivery, NMC has awarded the firm an additional contract. As a result, Servotech will now be responsible for the supply, installation, and commissioning of 29 electric vehicle (EV) charging stations.

On Thursday, the shares of Servotech Power Systems opened higher on the NSE at Rs 193 apiece compared to the previous close of Rs 188.14.