Corporate Development     

Published: December 15, 2024
Updated: December 15, 2024

Servotech Renewable Power Systems Ltd.

Name changed from ‘Servotech Power Systems Ltd.

Servotech Renewable Power Systems Ltd. (NSE: SERVOTECH), India’s largest EV Charger manufacturer, has announced that it has change its name from erstwhile “Servotech Power Systems Ltd.” to Servotech Renewable Power Systems Ltd., effective December 18, 2024.

Earlier, the company announced that it has entered into a strategic partnership with LESSzwei GmbH (LESS2), a globally acting German enterprise that supports the German Government in achieving its objectives in the field of sustainable development in the infrastructure sector, to develop and deploy innovative 100% solarpowered EV charging infrastructure for micromobility, such as e-bikes, escooters, and ecargo bikes in urban areas of Germany.

This project, named “EnerMAAS”, will create a sustainable and scalable charging ecosystem. It utilizes AI-driven energy management systems to optimize energy use and reduce environmental impact. EnerMAAS will focus on transforming existing photovoltaic systems and energy storage into innovative street charging points (BIKEPorts). These stations will provide self-sufficient energy from 100% solar power for fast and reliable charging around the clock. Each station can simultaneously charge 4 two-wheelers with a total output of 3.3 kW. This project has received grant financing from Federal Ministry for Economic Affairs and Climate Action (BMWK), Germany with a duration of 2.7 years.

Servotech will oversee the manufacturing and supply of these Solar powered EV charging stations. LESS2 will focus on all aspects of Artificial Intelligence and app development. Servotech will initially provide the first 100 systems, with two charging stations being deployed in each of 50 selected cities across Germany.

Raman Bhatia, Founder & Managing Director, Servotech Power Systems Ltd., said, “We are excited to partner with LESSzwei GmbH on this groundbreaking project. This collaboration aligns perfectly with Servotech’s vision of accelerating the adoption of sustainable energy solutions and establish a strong international footprint. By leveraging our expertise in solar energy and EV charging infrastructure, we are confident that the EnerMAAS project will revolutionize the way we power micromobility in German urban areas.”

This partnership marks a significant step towards creating a more sustainable and efficient urban transportation system. By combining Servotech’s expertise in solar energy and EV charging with LESSzwei GmbH’s innovative IT Technology and energy management solutions, the two companies are poised to deliver a transformative solution for the growing German micromobility market.

Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. The company offers an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With its comprehensive engineering capabilities, the company plans to play a pivotal role in developing India’s EV tech infrastructure. A trusted brand with a strong pan-India presence, Servotech Power Systems’ legacy is marked by proven innovation and development of the advanced technologies.