Servotech renewable power System and Electra EV have successfully secured a joint 20-year patent for their innovative low-voltage electric vehicle charging device. This achievement represents a significant milestone in both companies' efforts to advance electric vehicle infrastructure technology and strengthen their market position.

Patent Achievement Details

The joint patent secures exclusive rights for the low-voltage EV charging device technology for a substantial 20-year period. This collaborative achievement demonstrates the successful partnership between Servotech Renewable Power System and Electra EV in developing cutting-edge charging solutions for the electric vehicle market.

Technology Innovation

The patented low-voltage EV charging device represents a significant technological advancement in electric vehicle infrastructure. Low-voltage charging solutions offer multiple benefits including enhanced safety features, reduced installation complexity, and improved accessibility for both residential and commercial applications. The device technology addresses key market needs for efficient and user-friendly charging solutions.

Strategic Market Impact

Securing this joint patent positions both Servotech Renewable Power System and Electra EV with a competitive advantage in the rapidly expanding EV charging market. The 20-year exclusivity period provides substantial protection for their innovation and creates opportunities for technology commercialization, licensing agreements, and direct market implementation.

This patent achievement reinforces Servotech's commitment to innovation in renewable energy and electric vehicle sectors, aligning with global trends toward sustainable transportation infrastructure development.

Servotech Renewable Power System, a manufacturer of EV chargers, solar products, and power backup solutions, announced the incorporation of a new wholly owned subsidiary on Tuesday, January 21. The development is likely to draw investor attention during Wednesday's trading session.

New CSR Subsidiary Formation

The company has incorporated Servotech Foundation as a wholly owned subsidiary, which will be treated as a related party. The subsidiary has been established as a Section 8 company under the Companies Act, 2013, and has yet to commence business operations.

The subsidiary will serve as the company's CSR arm, focusing on various corporate social responsibility activities. These activities will encompass:

• Employability and education initiatives
• Entrepreneurship development programs
• Sustainable development projects
• Environmental protection measures
• Health and nutrition programs
• Additional areas covered under Schedule VII of the Companies Act

Recent Product Launches

Earlier this month, Servotech Renewable Power expanded its product portfolio with entry into the electric three-wheeler segment. The company launched SULTAN, a lithium-ion battery specifically engineered for electric three-wheelers, accompanied by Zest, a dedicated battery charger designed to enhance charging efficiency and vehicle uptime for three-wheeler OEMs, dealers, and distributors.

Additionally, the company introduced Voltie, a 2 kW on-grid solar inverter engineered for residential and small-scale commercial applications, strengthening its renewable energy offerings.

Share Price Performance Under Pressure

Despite product diversification efforts, Servotech Renewable Power shares have faced significant selling pressure since June. The stock has declined 61% from recent highs, currently trading at ₹65.85 per share.

The stock has closed five out of the last six months in losses, with the sell-off intensifying in January 2025 with a 17.20% decline. The shares ended 2025 with a sharp 52.30% crash, marking their biggest calendar-year fall in the last five years.

Long-term Performance Context

While short-term trends appear challenging, the stock's long-term performance remains notable. Over the past five years, shares have gained 2,920%. Between 2020 and 2024, the stock experienced a sustained bull run, closing all calendar years higher and delivering returns of 22,420% during this period.

India's electric three-wheeler segment has emerged as one of the fastest-growing categories within electric mobility, supported by urbanization, rising last-mile delivery needs, and policy incentives, providing a favorable backdrop for the company's recent product launches in this segment.