Servotech Power Systems, a leading EV charger manufacturer has set-up a wholly owned subsidiary ‘Servotech EV Infra’ to foray into the electric vehicle charge point operator (CPO) business.
The subsidiary will act as a CPO and install EV charging stations across India.
Currently, Servotech provides EV chargers to various oil marketing companies and EV charging station providers and now with its new subsidiary, it aims to further augment the EV charging infrastructure landscape.
As part of its future plans, Servotech Power Systems will manufacture and supply EV chargers to Servotech EV Infra and in turn act as a charge point operator for these chargers. It estimates the EV charging market to grow rapidly in the coming years.,
Servotech EV Infra aims to establish 5,000 EV charging stations across the country in the coming years, which will result in the creation of a robust EV charging infrastructure, ultimately leading to the development of sustainable transportation.
Raman Bhatia, Founder and MD, Servotech Power Systems said, “Our company has consistently led the way in innovating within the EV charging sector and the creation of Servotech EV Infra is a natural progression in our journey. The recent expansion into the EV CPO business with Servotech EV Infra reflects our dedication to playing an important role in advancing the EV infrastructure landscape, catering to the growing number of EVs in the country.”
