Renewable Energy Company Expands into E-3W Industry with its 3-Wheeler Lithium-ion Battery & Charger
DSIJ Intelligence-1Categories: Mindshare, Trending
From Rs 2.08 to Rs 80.49 per share, the stock has delivered multibagger returns of over 3,700 per cent in 5 years.
On Monday, shares of Servotech Power Systems Ltd gained 0.64 per cent to an Intraday high of Rs 80.49 per share from its previous closing of Rs 79.98 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.
Servotech Renewable Power Systems Ltd. has officially entered the electric three-wheeler market with the launch of its dedicated battery and charging solutions at its annual SUNKALP event. The company unveiled SULTAN, a lithium-ion battery available in 51.2V and 64V models using LFP chemistry, alongside Zest, a specialised charger designed to optimise uptime for E-Rickshaws and E-Cargos. This move allows Servotech to capitalise on India's booming micro-mobility sector, driven by increasing last-mile delivery demands and urbanisation.
In addition to its mobility expansion, Servotech introduced Voltie, a 2 kW on-grid Solar inverter aimed at the residential and small-commercial markets. By integrating high-performance power electronics with solar technology, the company is strengthening its end-to-end clean energy portfolio. These launches reflect a strategic focus on delivering integrated energy solutions that address both the operational efficiency of electric vehicles and the growing need for seamless grid-connected renewable power.
Commenting on the development, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd., said, “Our entry into the electric three-wheeler segment is a natural progression of Servotech’s journey in clean energy. We have built strong leadership in solar and EV charging, and we are now excited to extend that expertise into lithium solutions for micromobility. While we’ve started off with two models of 3W Li-ion Batteries and one basic model of E-3W charger, we’re planning to deepen our roots in the market with more variants and models launching in the future. The electric three-wheeler market holds immense potential, not just for sustainable transport but for empowering small transport entrepreneurs across India. As we look ahead, our focus remains on innovation, scale, and building reliable energy solutions that support India’s transition to a greener future.”
About the Company
Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India's burgeoning EV infrastructure, solidifying their legacy as a trusted brand known for innovation and technological advancements across the country.
The company has a market cap of over Rs 1,700 crore and the stock is trading below Rs 100 per share. From Rs 2.08 to Rs 80.49 per share, the stock has delivered multibagger returns of over 3,700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.