Published 17:48 IST, October 16th 2024
Servotech ties up with UK-based Ensmart Power to expand EV Charger business in UK
Servotech Power Systems on Wednesday announced its alliance with UK-based Ensmart Power to expand EV (electric vehicle) Charger business in the UK and beyond.
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Servotech expands EV charger business: Servotech Power Systems on Wednesday announced its collaboration with UK-based Ensmart Power to expand EV (electric vehicle) Charger business in UK and beyond.
This agreement will capitalise on rapid growth of electric vehicle option in se regions, company said in a statement.
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By combining Servotech's innovative EV charging solutions with Ensmart Power's expertise in energy storage and distribution, partnership aims to provide a reliable and accessible charging infrastructure for consumers, it stated.
According to statement, Servotech Power Systems Ltd, a leing EV charger manufacturer, and UK-based Ensmart Power, a pioneer in critical power, solar, and energy storage systems, have signed a sole distribution agreement to expand ir EV charger distribution network across UK and beyond, including North America.
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collaboration will drive development of green mobility alternatives, contributing to a carbon-neutral transportation ecosystem and setting new standards in efficiency, reliability, and environmental responsibility.
Raman Bhatia, founder and Managing Director, Servotech Power Systems, said, "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 localise Ensmart Power's global expertise and dress increasing demand for innovative charging solutions".
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Deniz Taner, Managing Director, Ensmart Power, said, "Having worked with Raman Bhatia for more than a dece, this solidifies our relationship as we aim to cross-pollinate IP and ideas to ensure collective businesses go from strength to strength".
Servotech Power Systems is an NSE-listed organisation that develops tech-enabled EV Charging solutions leveraging ir over two deces of experience and expertise in electronics space.
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Shares of Servotech Power Systems fell 0.85 per cent to close at Rs 186.50 apiece on NSE.
17:48 IST, October 16th 2024