Servotech Power Systems will invest around INR 300 crore ($36.2 million) to set up an electric vehicle (EV) charger manufacturing facility with backward integration in the state.
Servotech Power Systems has launched Techbec Green Energy to produce EV charger components and lithium-ion batteries. The new unit will have a 40,000 sq.ft. manufacturing facility in Haryana.
Fortum Charge & Drive India has unveiled its new brand identity ‘Glida’ signifying its commitment to delivering a seamless electric vehicle (EV) charging experience in India. Glida plans to increase the number of its EV charging points to 3,000 by 2025 from around 450 at present.
Magenta Mobility has launched an electric vehicle (EV) charger that can charge 12 EVs simultaneously. The charger is especially suited for charge point operators, fleet operators, community parking bays, and residential complexes.
Servotech has signed a pact with Dubai-based Al-Ansari Motors to provide EV charging solutions in the Middle East and Africa. The company aims for $50 million in business from this region in the next one to two years.
A study reveals that none of the eight states where EV policies have been active for two years or more is on track to meet its targets of EV penetration, charging infrastructure, or investments.
The electric vehicle (EV) manufacturer has launched electric cargo and passenger vehicles in the L5 category, along with EV charging stations. It also plans gigawatt-scale production of EV batteries soon.
Under their clean energy partnership, both countries also agreed to cooperate in the disposal, recycling, and reclamation of valuable materials from batteries, solar panels, turbine blades, and electronics.
The electrical contacts manufacturer will join hands with battery storage firm RENERA and EV charger manufacturer L-Charge for its business expansion into these segments.
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