Servotech Penetrates Middle-East & Africa Markets with EV Charging Solutions Projects

Highlights :

  • Servotech has signed pacts with Dubai-based Al-Ansari Motors to provide EV charging solutions in Middle-East and Africa.
  • The firm aims at $50 Million from EV charging business from MEA business expansion
Servotech Penetrates Middle-East & Africa Markets with EV Charging Solutions Projects Servotech Adds Orders for 2649 EV Chargers from BPCL

EV charger manufacturer and solar solutions provider Servotech Power Systems has recently announced a partnership with Dubai’s Al Ansari Motors LLC, a firm in motor vehicles and accessories trading. Under the partnership, Servotech will offer EV charging solutions to Middle Eastern and African markets. The charging solutions will include AC and DC EV chargers. The initiative is said to enable the firm to increase its global footprint.

The two parties have signed a sole distributorship agreement, which will see Al Ansari Motors bring Servotech’s EV charging capabilities to the potential electric vehicle adopting segment of the said geographic market. Their targeted synergy will accelerate green mobility alternatives while also helping to develop a climate-resilient, carbon-neutral transportation ecosystem to support the adoption of electric vehicles.

Raman Bhatia, Founder and MD of Servotech Power Systems Limited, commented on the firm’s foray into the overseas agreement, “This key partnership marks a great leap for Servotech when it comes to the expansion into international markets. The firm will bring its innovative solutions closer to overseas markets. The Middle-East and Africa present a huge untapped market potential and boasts of a sea of potential electric vehicle users.” He further added, “From this agreement, we are eyeing a revenue of $50 million in the next one to two years. A high density, well-amplified charging network for EVs will undoubtedly be realised in the future, thanks to this partnership’s assistance in arranging and initiating the necessary steps. Each charging point, which will be a part of a vast expanse of charging stations, will be accessible to all electric four-wheelers, bringing the experience of on-the-move and on-the-go charging closer to the region’s e-mobility users.”

Mohammad Humaid Alansari, Founder at Al-Ansari Motors remarked, “We are pleased to associate with a major player in the EV charging industry like Servotech. This pact gives us a chance to make Servotech’s extensive EV charging solutions more accessible and affordable in our native markets. This will result in both generating sustainable profits and evolving the future of electric vehicles.”

Clean mobility and independence from range anxiety will be made feasible for electric car owners and drivers in the Arab and African world, thanks to a well-spread footprint of the EV charging stations. Owners of electric cars will find EV charging convenient owing to an increased number of charging points. The partnership aims to create an organised and integrated EV charging infrastructure in the Middle East and African region while also offering a firm path for future developments with technology and faster charging speeds.

Servotech recently announced its quarterly financial results. The firm rung in a quarterly revenue of Rs. 82.54cr, reporting a YoY growth of around 116% from the last fiscal when it boasted of a revenue of Rs 38.23 cr. Servotech Power Systems Limited had struck an agreement with the National Solar Energy Federation of India (NSEFI), one of the leading solar bodies of India, to install a solar-powered EV charging carport.

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