Servotech Power launches a venture to manufacture lithium-ion batteries and EV charging components

In a bold move aimed at bolstering India's electric vehicle (EV) infrastructure, Servotech Power Systems has announced an initial investment of INR 30 crore to venture into the manufacturing of EV charger components and lithium-ion batteries.

The company, along with its subsidiary Techbec Green Energy Pvt Ltd, plans to further strengthen its commitment to the EV ecosystem by earmarking an additional INR 300 crore investment by March 2025.

Expanding the EV Manufacturing Horizons

Servotech Power's vision forays into a crucial aspect of EV technology as it plans to manufacture a range of EV charger components, including power modules, connectors, control cards, and PLC modules. Alongside these components, the company will also produce lithium-ion batteries, a key component in the EV ecosystem.

Infrastructure and State-of-the-Art Technology

To propel its ambitious plans forward, Servotech Power has acquired a sprawling 40,000-square-foot facility in Sonipat, Haryana. The state-of-the-art facility will serve as the nucleus for manufacturing EV charger components and lithium-ion batteries.

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Allocation of Initial Investment

Servotech Power's founder and MD, Raman Bhatia, shed light on the strategic allocation of the initial INR 30 crore investment. The funds will be channelled towards procuring cutting-edge testing equipment, recruiting skilled manpower, acquiring advanced machinery and technology, and supporting complementary activities to ensure a seamless manufacturing process.

Accelerating the EV Revolution in India

The formation of this new subsidiary represents a significant milestone in Servotech Power's mission to contribute to the widespread adoption of electric vehicles in India. By manufacturing EV charger components domestically, the company aims to play an instrumental role in the government's Make in India initiative while ensuring the availability of technologically advanced and indigenous charging infrastructure for electric vehicle users.

A Leading Force in Green Power Solutions

Renowned for its pioneering solutions in solar, EV chargers, power backup, and other smart power technologies, Servotech Power has solidified its position as a prominent manufacturer in the green energy sector.

Also, you can Check: The Carbike360 Car charging station list across all of India.

Conclusion:

With the announcement of its significant investment and the establishment of a cutting-edge manufacturing facility, Servotech Power is poised to play a pivotal role in shaping India's EV charging infrastructure. As the nation embraces electric mobility, Servotech Power's commitment to domestic manufacturing and technological advancement bodes well for a greener, more sustainable future for the Indian automotive landscape.