+
Servotech EV Infra Raises Rs 2 Bn, Names New CEO
POWER & RENEWABLE ENERGY

Servotech EV Infra Raises Rs 2 Bn, Names New CEO

Servotech EV Infra, a prominent player in the electric vehicle infrastructure sector, has successfully raised Rs 2 billion by diluting 6% equity. This strategic move aims to fuel the company's growth and expansion plans in the rapidly evolving electric mobility market.

The infusion in funding signifies investor confidence in Servotech EV Infra's business model and growth potential. The capital raise will enable the company to ramp up its operations, enhance its product offerings, and accelerate its market penetration efforts across key regions.

In addition to securing funding, Servotech EV Infra has appointed Prem Prakash as its new CEO, signalling a shift in leadership to drive the company's ambitious growth agenda. Prakash brings with him a wealth of experience and expertise in the electric vehicle sector, positioning Servotech EV Infra for continued success and innovation under his leadership.

The appointment of Prem Prakash as CEO reflects Servotech EV Infra's commitment to strengthening its management team and leveraging top talent to capitalise on emerging opportunities in the electric vehicle infrastructure space. With Prakash at the helm, the company is poised to execute its strategic vision and maintain its leadership position in the market.

Overall, the capital raise and CEO appointment mark significant milestones for Servotech EV Infra, positioning the company for accelerated growth and success in the dynamic electric mobility landscape.

Servotech EV Infra, a prominent player in the electric vehicle infrastructure sector, has successfully raised Rs 2 billion by diluting 6% equity. This strategic move aims to fuel the company's growth and expansion plans in the rapidly evolving electric mobility market. The infusion in funding signifies investor confidence in Servotech EV Infra's business model and growth potential. The capital raise will enable the company to ramp up its operations, enhance its product offerings, and accelerate its market penetration efforts across key regions. In addition to securing funding, Servotech EV Infra has appointed Prem Prakash as its new CEO, signalling a shift in leadership to drive the company's ambitious growth agenda. Prakash brings with him a wealth of experience and expertise in the electric vehicle sector, positioning Servotech EV Infra for continued success and innovation under his leadership. The appointment of Prem Prakash as CEO reflects Servotech EV Infra's commitment to strengthening its management team and leveraging top talent to capitalise on emerging opportunities in the electric vehicle infrastructure space. With Prakash at the helm, the company is poised to execute its strategic vision and maintain its leadership position in the market. Overall, the capital raise and CEO appointment mark significant milestones for Servotech EV Infra, positioning the company for accelerated growth and success in the dynamic electric mobility landscape.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?