Servotec Power Systems announced that it has signed an agreement with Dubai-based A1 Ansari Motors to provide electric vehicle charging solutions to the Middle Eastern and African markets. According to a regulatory filing by the New Delhi-based company, the partnership will provide a solid path for future growth with state-of-the-art technology and faster charging speeds.
Under the agreement, Servotech Power will aim to create an organized and integrated EV charging infrastructure in the region. Raman Bhatia, Founder and Managing Director, Servotech Power, said, “There exists a huge untapped market potential and a sea of potential electric vehicle users in the Middle East and Africa. Each charging point set up under the agreement will be accessible to all electric four-wheelers. ” Said.
Al Ansari Motors LLC is into Motor Vehicles & Accessories Trading.
“The agreement will result in sustainable profit generation and develop the future of electric vehicles,” said Mohammed Humaid Alansari, founder of Al Ansari Motors.
Servotech Power Systems deals in the Electric or Electronics sector. Shares of Servotech Power closed at Rs 41.35 on the NSE on Tuesday. In the last one year, this stock has given a tremendous return of 91%.
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