Servotech Power, the EV chargers and solar solutions manufacturer plans to set up its manufacturing facility in the GCC (Gulf Corporation Council) region. The facility is currently in the sampling, certification, and registration process.
The company will also invest an estimated 330 INR crore for an EV plant in Uttar Pradesh. The project will have a manufacturing capacity of 10,000 EV DC chargers per year and will not only manufacture chargers but also support Servotech Power’s future R&D.
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Raman Bhatia, the company’s founder and MD, also mentioned that they have issued warrants worth 75.06 INR crore at 83.40 INR per warrant for setting up manufacturing capacity and supporting R&D activities. In the next 2-3 years, the company plans to set up 5,000 charging stations under its subsidiary, Servotech EV Infra, responsible for developing robust charging infrastructure.
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