A1 Ansari Motors, based in Dubai, and Servotech Power Systems have agreed to work together to offer electric vehicle charging solutions in the Middle Eastern and African markets. The partnership will provide a solid path for future developments with cutting-edge technology and faster charging speeds, the New Delhi-based company claimed in a regulatory filing.
In accordance with the agreement, Servotech Power will work to develop an organized and comprehensive EV charging solutions in the area. “There is vastly untapped market potential and a sea of potential electric vehicle users in the Middle East and Africa. All electric four-wheelers will be able to use each charging station installed as part of the agreement “Servotech Power’s founder and MD, Raman Bhatia, stated.
Trading in motor vehicles and their accessories is what Al Ansari Motors LLC does. Al Ansari Motors founder Mohammad Humaid Alansari said, “The agreement will produce sustainable profits while advancing the future of electric vehicles.”
Operating in the electrical or electronic industry is Servotech Power Systems. Servotech Power stock ended trading on the NSE at Rs 41.35. The stock has generated a staggering 91% return over the last year.
