Servotech Renewable Power System, one of India’s leading renewable energy and EV charging solutions providers, has entered into an exclusive strategic partnership with Zhuhai Piwin New Energy (Pilot Group), China. Servotech-PILOT Group collaboration, announced through an exchange filing and press release, marks a pivotal moment in India’s clean energy journey as the companies set out to co-develop and locally manufacture advanced Battery Energy Storage Systems (BESS).
A Milestone in the Clean Energy Transition
Battery Energy Storage Systems are increasingly recognized as the backbone of modern renewable energy infrastructure. They ensure grid stability, energy security, and seamless integration of solar and wind power into the national electricity supply. With India aggressively expanding its renewable energy capacity under the Government’s Make in India initiative, Servotech-Zhuhai partnership strategically positions Servotech to take the lead in domestic BESS manufacturing.
The tie-up allows Servotech to leverage Piwin’s global expertise in BESS technology while harnessing its own strong domestic manufacturing ecosystem and market presence. This synergy is expected to accelerate the innovation and deployment of indigenous, scalable, and future-ready energy storage solutions tailored to India’s rapidly expanding green energy ecosystem.
Leadership Commentary
Commenting on the development, Raman Bhatia, Managing Director of Servotech Renewable Power System, described the partnership as a “milestone” in the company’s growth trajectory:
“By bringing cutting-edge global technology to India and aligning it with our strong domestic expertise, we are set to deliver indigenous BESS solutions that reinforce the ‘Make in India’ vision and pave the way for a sustainable, secure, and self-reliant energy future.”
This statement underscores Servotech’s ambition to transition from a domestic EV charging solutions leader into a broader energy storage powerhouse with global technology backing.
Strategic Implications
- Strengthening Market Position: Servotech, already recognized for its wide portfolio of AC and DC EV chargers, now adds a critical dimension to its business – large-scale energy storage. This could enhance its competitive edge in India’s renewable energy value chain.
- Alignment with Policy Goals: The Government of India has consistently emphasized self-reliance in clean energy technology. Indigenous BESS manufacturing supports the twin goals of reducing import dependency and bolstering energy independence.
- Boost to Renewable Integration: With India’s renewable energy capacity expected to surpass 500 GW by 2030, energy storage is indispensable. This partnership places Servotech at the forefront of addressing grid intermittency and ensuring round-the-clock availability of renewable power.
- Investor Sentiment: For investors, the deal signals potential revenue diversification and long-term growth opportunities. Exclusive collaborations of this nature are often viewed positively by the market, particularly when they address core bottlenecks in the energy transition narrative.
About the Companies
- Servotech Renewable Power System (formerly Servotech Power Systems) is listed on the NSE and has more than two decades of expertise in electronics manufacturing. It is a trusted pan-India brand, best known for its EV charging infrastructure solutions and engineering capabilities.
- Zhuhai Piwin New Energy, part of the Pilot Group, brings global leadership in advanced battery energy storage technologies, making it an ideal technology partner for scaling BESS deployment in India.
Outlook
The Servotech–Piwin partnership is more than a corporate agreement; it is a signal of how India’s renewable energy sector is evolving. By localizing advanced energy storage manufacturing, Servotech not only enhances its growth prospects but also contributes meaningfully to India’s broader sustainability and energy independence agenda.
As India’s clean energy adoption accelerates, this collaboration may serve as a template for other Indian companies seeking to combine global expertise with local execution under the Make in India mission.