Servotech EV Infra Raises Rs 2 Bn, Names New CEO

15 Mar 2024 CW Team

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.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..