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
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?