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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?