Servotech Shares Signs 2 MOUs With IIT Roorkee To Onboard EV Chargers

Leading EV charger maker in India, Servotech Power Systems Ltd. (SPSL), has inked two memorandums of understanding (MOUs) with IIT Roorkee to collaborate on the development of cutting-edge rectifier units for CCS2 chargers and onboard EV chargers for 2, 3, and 4 wheelers.

The development of the domestic EV sector will be aided by this partnership, which will strengthen the country's manufacturing capabilities. The onboard charger for electric automobiles is a small, light-weight charger that is intended to be fitted directly on two, three, and four-wheelers. By doing away with the need for a separate charger, it enhances the convenience and use of electric vehicles.

Raman Bhatia, MD of Servotech Power Systems said, "The two, three and four wheelers charger market of India unfolds as a significant yet untapped territory. With an influx of Chinese components dominating the current scenario, Servotech expands itself as the leading OEM supplier of onboard chargers specifically designed for Indian electric vehicles. The Company will now be manufacturing high quality onboard chargers.

This development strengthens our commitment towards making Make in India concept a reality in true sense for adoption of sustainable technologies in the EV ecosystem. Furthermore, our collaboration with an esteemed organisation like IIT Roorkee is instrumental in reinforcing our goal of making India self-reliant as well as making Servotech a leading global leader of EV Industry".

Prof. Mukesh Pathak, Principal Investigator in the Department of Electrical Engineering at IIT Roorkee expresses said, "We are delighted to partner with Servotech Power Systems to design and develop EV charging technology. These collaboration are a testament to our commitment to developing innovative and indigenous solutions for the Indian EV industry. We believe that the EV charging technology developed through these collaborations will play a key role in accelerating the adoption of electric vehicles as well as will be pivotal in transforming the way we think about transportation and energy consumption in India."

As a consequence of their agreement, Servotech Power Systems and EMCOR Power Solutions teamed together last week to establish 1000 EV charging stations in India. According to the terms of this MOU, EMCOR Power Solutions undertakes to give Servotech Power Systems 1000 CPO (Charge Point Operator) locations in India. The project will be carried out in phases, with the installation of 100 DC fast EV chargers in South India constituting the first stage, and additional growth taking place across PAN India. On Thursday, the shares of Servotech Power Systems were trading with an upside gap of 0.57% at Rs 79.65 while writing this copy.