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Press Release - December 09, 2024

Servotech Partners with LESSzwei GmbH to Develop 100% Solar-Powered EV Charging Infrastructure for Micromobility in Germany

New Delhi, December 09th, 2024: Servotech Power Systems Ltd., India’s largest EV Charger manufacturer, has entered into a strategic partnership with LESSzwei GmbH (LESS2), a globally acting German enterprise that supports the German Government in achieving its objectives in the field of sustainable development in the infrastructure sector, to develop and deploy innovative 100% solar-powered EV charging infrastructure for micromobility, such as e-bikes, e-scooters, and e-cargo bikes in urban areas of Germany.

This project, named "EnerMAAS", will create a sustainable and scalable charging ecosystem. It utilizes AI-driven energy management systems to optimize energy use and reduce environmental impact. EnerMAAS will focus on transforming existing photovoltaic systems and energy storage into innovative street charging points (BIKE-Ports). These stations will provide self-sufficient energy from 100% solar power for fast and reliable charging around the clock. Each station can simultaneously charge 4 two-wheelers with a total output of 3.3 kW. This project has received grant financing from Federal Ministry for Economic Affairs and Climate Action (BMWK), Germany with a duration of 2.7 years.

Servotech will oversee the manufacturing and supply of these Solar-powered EV charging stations. LESS2 will focus on all aspects of Artificial Intelligence and app development. Servotech will initially provide the first 100 systems, with two charging stations being deployed in each of 50 selected cities across Germany.

Raman Bhatia, Founder & Managing Director, Servotech Power Systems Ltd., said, “We are excited to partner with LESSzwei GmbH on this groundbreaking project. This collaboration aligns perfectly with Servotech’s vision of accelerating the adoption of sustainable energy solutions and establish a strong international footprint. By leveraging our expertise in solar energy and EV charging infrastructure, we are confident that the EnerMAAS project will revolutionize the way we power micromobility in German urban areas.”

This partnership marks a significant step towards creating a more sustainable and efficient urban transportation system. By combining Servotech’s expertise in solar energy and EV charging with LESSzwei GmbH’s innovative IT Technology and energy management solutions, the two companies are poised to deliver a transformative solution for the growing German micromobility market.

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About Servotech Power Systems Limited:

Servotech Power Systems is an NSE-listed organization that develops techenabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, our legacy is marked by proven innovations and development of the advanced technologies.

For more information, please visit: https://www.servotech.in

Media Contact:

Prabhutva Tiwari
PR & Corporate Communications

Email - pr@servotechindia.com
Contact - +91 8318873166

Pooja Goel
Investor Relations

Email - ir@servotechindia.com
Contact - +91 9266126409

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