Servotech Renewable Power System Ltd. Partners With Watt & Well To Manufacture EV Charger Components In India

Servotech Renewable Power System Ltd. (NSE: SERVOTECH), a prominent provider of sustainable energy solutions in India, has signed a strategic agreement with France-based Watt & Well SAS, a leader in power electronics equipment.

This collaboration will focus on the design, manufacture, and sale of Electric Vehicle (EV) charger components in India, marking a significant step toward strengthening the country’s EV infrastructure.

Under the agreement, the two companies will begin by developing a 30kW Power Module specifically for the Indian EV charging market. In addition to this, they will jointly evaluate the feasibility of producing a Bidirectional Power Module for Vehicle-to-Grid (V2G) applications.

Servotech will manufacture these Power Modules locally, supporting India’s Make in India mission, while Watt & Well will provide essential technical expertise.

As part of the agreement, Servotech will hold exclusive rights to market and sell these components within India, further driving domestic production and supporting the country’s transition to sustainable energy solutions.

Driving Innovation In India’s EV Charging Market

“We are excited to collaborate with Watt & Well to introduce their cutting-edge power electronics technology to the Indian EV market,” said Raman Bhatia, Founder and Managing Director of Servotech Renewable Power System Ltd.

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“This partnership will enable us to scale up the manufacturing of innovative and affordable EV charging solutions, reducing reliance on imports. It positions India as a key player in the global EV charger supply chain and strengthens the country’s clean energy initiatives.”

Benoit Schmitt, CEO of Watt & Well SAS, expressed enthusiasm about the partnership: “We are delighted to collaborate with Servotech to bring our expertise in power electronics to the rapidly expanding Indian EV market. This collaboration will significantly boost domestic production of EV charging solutions, promoting faster adoption of electric vehicles while supporting India’s clean energy objectives.”

About Watt & Well SAS

Watt & Well is a French power electronics provider specializing in high-performance solutions for industries such as e-mobility, energy, oil & gas, and space.

With a strong focus on research and development, Watt & Well combines technological innovation with product reliability to support leaders in automotive, aerospace, energy, and industrial sectors.

Servotech Renewable Power System Ltd. (formerly known as Servotech Power Systems Ltd.) is an NSE-listed company focused on tech-enabled EV charging solutions. With over two decades of experience, the company offers a wide range of AC and DC chargers compatible with various electric vehicles.

Servotech aims to play a pivotal role in developing India’s EV infrastructure and supports the nation’s transition to clean energy.