Servotech Partners with Ensmart Power to Boost EV Charger Expansion in the UK and Beyond

Servotech Power Systems announced a strategic collaboration with UK-based Ensmart Power to accelerate the growth of its electric vehicle (EV) charger business in the UK and international markets. This partnership aims to leverage the increasing adoption of EVs and provide a robust, accessible charging infrastructure for consumers.

Combining Servotech's cutting-edge EV charging technology with Ensmart Power's expertise in energy storage and distribution, the companies plan to develop a sustainable and reliable network for EV charging solutions. This joint effort not only aims to meet the growing demand for green mobility alternatives but also contributes to the larger goal of building a carbon-neutral transportation ecosystem.

Servotech Power Systems Ltd, an NSE-listed manufacturer of EV chargers, and Ensmart Power, a leader in critical power systems and energy storage, have entered into a sole distribution agreement. The collaboration will extend beyond the UK, with plans to expand into North America. By localizing production, the partnership intends to establish strong international ties, setting new benchmarks for efficiency, reliability, and environmental responsibility in the EV sector.

Raman Bhatia, Founder and Managing Director of Servotech Power Systems, emphasized the strategic importance of this partnership, stating, "This collaboration allows us to strengthen our global presence and bring advanced solutions closer to international markets, particularly focusing on local production." Deniz Taner, Managing Director of Ensmart Power, highlighted their decade-long working relationship, adding that the partnership would enable the companies to share knowledge and expertise, ensuring mutual growth.

Servotech shares closed 0.85% lower at Rs 186.50 on the NSE following the announcement.