20 EV Charging Stations To Come Up In Nashik. (Representational Picture) (Photograph: The Financial Instances)
Servotech Energy Methods has secured fairness dilution of 6 per cent and raised Rs 12 crore at a pre-money valuation of Rs 200 crore.
Servotech Energy Methods Ltd., a inexperienced charging options supplier, has secured a contract for electrical car (EV) charging stations all through the Nashik Municipal Company space.
This contract entails the provision, building, and commissioning of 20 electrical car (EV) charging stations throughout the realm. The first goal of this contract is to deal with the mounting want for handy and accessible charging amenities for electrical automobiles, thereby facilitating the state’s transition in the direction of sustainable transportation options.
With the rising reputation of electrical car (EV) mobility, there’s a necessary want for enhanced EV charging infrastructure, and these charging stations will enable electrical car (EV) homeowners to recharge their EVs conveniently whereas on the transfer.
The corporate, in an change submitting, additional stated that Servotech might be chargeable for overseeing the provision, set up, building, commissioning, and upkeep of EV charging stations, catering to varied automobiles, and considerably enhancing Nashik’s electrical car (EV) charging community, in keeping with a report by Zee Enterprise.
Notably, Servotech Energy Methods has secured fairness dilution of 6 per cent and raised Rs 12 crore at a pre-money valuation of Rs 200 crore. Every electrical car (EV) charging station will price Rs 15–25 lakh, relying on the variety of chargers put in and its charging capability.
The corporate added that this funding will gasoline Servotech EV Infra’s preliminary part progress plans. It additionally highlights Servotech’s dedication to sustainability by facilitating Nashik’s transition to cleaner transportation, which aligns with the corporate’s environmental duty targets and reduces carbon emissions in one of many key cities of India, the corporate said in a press launch.
Neeraj Gupta was appointed as its AVP Operations and Prem Prakash as its Chief Government Officer (CEO), the corporate additional knowledgeable.
Director of Servotech Energy Methods Ltd., Sarika Bhatia, stated, “This contract represents a serious milestone for Servotech Energy Methods. We’re deeply dedicated to advancing India’s electrical car revolution and fostering sustainable transportation options. We’re already a pacesetter within the EV charger market and thru this initiative, we’re set to turn into a pacesetter within the EV charging infrastructure market as effectively.”
She added, “This collaboration with the Nashik Municipal Company underscores our capabilities to offer cutting-edge and dependable EV charging options for cities throughout the nation,” reported India.com.
The Servotech Energy Methods Ltd. is an NSE-listed organisation that develops tech-enabled electrical automobiles Charging options, leveraging their greater than 20 years of experience and expertise within the electronics house.
