EV Multibagger Penny Stock Under Rs 30: Company Partners with Mecpower Solutions Limited to Develop Green Power Infrastructure for EV Charging
The stock is up by 7.4 per cent from its 52-week low of Rs 23.38 per share and has given multibagger returns of over 2,000 per cent in 5 years.
Ampvolts Limited, one of India’s leading electric vehicle charging infrastructure provider, has signed a Memorandum of Understanding (MoU) with Mecpower Solutions Limited, part of Onix Group of companies, a prominent Solar Power provider. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organisations to develop sustainable & robust EV charging infrastructure in India.
As part of the agreement, Ampvolts will identify strategic locations for bulk EV charging stations and serve as the front-end partner for key projects. The company will also ensure the provision of necessary resources, like support, and the development of sustainable green mobility solutions.
Mecpower Solutions Limited will complement by supplying the latest solar power plants and machinery, including PV panels, inverters, and associated hardware, to Ampvolts Limited. The company will also extend its experience and expertise to provide the most optimised solar power plants in line with respective DISCOMs rules and schemes, delivering innovative and comprehensive solutions to enhance business operations. This strategic partnership highlights a shared commitment to building a sustainable future, fostering innovation, and meeting the growing demand for eco-friendly mobility solutions.
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About Ampvolts Limited
Ampvolts is a leading Charge Point Operator (CPO), EV charging hub & green mobility solution provider, bringing an entire range of ARAI-certified AC & DC chargers. With a strategic B2B green mobility focus, ampvolts is powering the electric revolution with innovative and sustainable EV charging solutions designed to meet domestic & overseas requirements. With a commitment to excellence and a passion for progress, reshaping the future of transportation and paving the path for “true green” mobility. Ampvolts is solving operators/users/service providers’ operational challenges for a smooth transition towards green mobility, be it electric cars, e-buses, or even up to 55 tons e-trucks with enabling infrastructure for green corridors, which ultimately adds to cleaner and greener plants.
The company has a market cap of Rs 28 crore and the stock is trading below Rs 30 per share. The stock is up by 7.4 per cent from its 52-week low of Rs 23.38 per share and has given multibagger returns of over 2,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.