Servotech Renewable Power System – a well-known name in the green energy sector. The company has teamed up with Watt & Well SAS, a French power electronics specialist; to develop high-energy EV charger components domestically. This collaboration supports India’s ‘Make in India’ initiative, reducing reliance on imports and bolstering local manufacturing.
Advancing EV Charging Solutions
The Servotech and Watt & Well partnership will focus on the development of a 30kW power module which will be specially designed for the Indian market. Along with this, both companies will research the application of bidirectional power modules with vehicles so that vehicles can return excess power to the grid. This vehicle-to-grid (V2G) technology will improve energy efficiency and grid stability.
Servotech will handle manufacturing in compliance with localization policies, while Watt & Well will contribute technical expertise. Servotech will hold exclusive distribution rights in India, strengthening its position as a core supplier in the country’s EV ecosystem.
Leadership Insights
Raman Bhatia, Founder and Managing Director of Servotech, emphasized the importance of this alliance:
“Partnering with Watt & Well allows us to introduce advanced power electronics to India’s EV market. By manufacturing efficient and affordable charging solutions locally, we reduce dependency on imports and expand our product portfolio.”
Benoit Schmitt, CEO of Watt & Well, echoed this enthusiasm:
“India’s EV market is growing rapidly. Through this partnership, we bring our expertise to accelerate local production of charging technology, fostering EV adoption and supporting India’s clean energy ambitions.”
Scaling India’s EV Infrastructure
As the use of EVs and green energy resources increases in India and across the world, India will require strong and cost-effective charging solutions. This partnership between Servotech and Watt & Well aligns with India’s green energy goals.
Watt & Well’s technological capabilities Servotech’s expertise in power electronics, combined with ensures the development of high-performance and scalable charging components for commercial and residential use.
About the Companies
Watt & Well SAS is a France-based power electronics innovator serving the aerospace, oil & gas, renewables, and e-mobility industries. The company provides reliable, high-performance energy solutions to various industries.
Servotech Renewable Power System specializes in EV charging solutions. The company offers a wide range of AC and DC chargers for a diverse class of EVs. Servotech has experience of two decades in this industry and it is playing a major role in India’s ambition for EV infrastructure expansion.
The collaboration between Servotech and Watt & Well, marks a strategic push toward a self-reliant, tech-driven EV ecosystem, reinforcing both companies’ commitment to innovation and localization.
Servotech IPO was listed on 24 August 2017 on the NSE Emerge platform, with an issue size of INR 15.12 crore. The stock was listed at INR 30.70 per share, reflecting a slight decline of 0.97% from its issue price but later the IPO turned into a multibagger pick and delivered investors handsome returns of over 500%. Currently, the stock is trading at around INR 124 per share.
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