Servotech Power Systems Shares Gain On Filing 2 Patents To Revolutionize EV Charging Infrastructure

After Servotech Power Systems said that it has filed two patents in the field of EV charger technology to transform EV charging infrastructure, the company's shares were trading 1.71% higher on the NSE on Thursday at Rs 77.35 apiece. These patents allow customers to utilise a small additional gadget to quickly charge any GB/T Bharat DC 001 vehicle that is based on 72v/96VDC over a CCS2 connection. By employing two distinct approaches, these two patents will revolutionise the EV charging infrastructure and support the development of a reliable, affordable, and interoperable environment for EV charging.

The innovative technology from Servotech Power Systems has the potential to completely change the EV charging market in India and other nations that adopt GB/T with LVDC standards. Furthermore, this ground-breaking breakthrough will do away with the requirement for two separate infrastructure costs by enabling consumers to charge GB/T Bharat DC 001 vehicles using readily accessible CCS2 chargers across the nation. By permitting charging via widely available CCS2 chargers, it will also assist fleet services and vehicles like small trucks or lorries that use the GB/T Bharat DC 001 standard. These automobiles may now be charged using the more widely available CCS2 chargers.

In India, electric vehicle rapid charging is standardised under the GB/T Bharat DC 001 standard. A worldwide fast-charging standard utilised in Europe, the UK, and other nations is called CCS2. This innovative development greatly facilitates EV owners' travel between India and Europe and opens up new markets for GB/T Bharat DC 001 vehicle makers.

Arun Handa, Chief Technical officer, Servotech Power Systems Ltd. commented, "Servotech continues to lead the charge in innovation, propelling the EV industry towards enhanced accessibility, convenience, and interoperability in charging solutions. Since its inception two decades ago, the company has only focused on innovations and cutting-edge technologies that will make India a global leader. In the realm of EV Industry, Servotech has manufactured EV charging components that align with the Make in India concept in true sense for adoption of sustainable technologies in the EV ecosystem. The company has been the leading EV charger provider to various renowned oil marketing companies and have established a well-connected EV charging network for them."

"With a dedicated mission to contribute significantly to India's e-mobility goals, Servotech aims to establish 5000 CPO sites across the nation in the coming years and these sites will also equipped with this technology. In the arena of EV charging infrastructure, Servotech feels a compelling need to develop a more connected, efficient, and sustainable EV ecosystem, because of this compelling need Servotech is now all set to develop a technology that will enable users to fast charge any GB/T Bharat DC 001 vehicle seamlessly.

Behind these transformative patents lies a vision to transform EV charging paradigms, especially in regions like India and other countries adopting the GB/T Bharat DC 001 standard and these patents absolutely act as act as major contributors in developing India's EV charging infrastructure, fueling a future where accessibility and innovation converge seamlessly," stated Arun Handa.

The company has earlier filed two patents with the goal of supporting the shift to sustainable energy by streamlining grid service optimisation through the use of a battery energy storage system and efficiently channelling renewable energy into BESS for maximum value. These developments increased total efficiency and revolutionised energy management. These two state-of-the-art technologies might be used in a wide range of industries, such as solar and electric vehicle charging systems.