In today’s trading session, Exicom Tele-Systems Ltd (Exicom) witnessed a notable surge, with its stock price rising to Rs 270.25, a 6.08% increase from the previous close. This positive movement reflects investor confidence in the company’s latest innovation and its potential to capture a significant share of the rapidly growing EV charging market.
Exicom Tele-Systems Ltd, a company originating in India, has launched its latest invention to change electric vehicle (EV) charging in the country and across borders: the Harmony Gen1.5 DC Fast Chargers. This new technology is the most up-to-date till now charged at 400kW, which makes recharging easy and enjoyable because it solves the main problem for stakeholders’ infrastructure ability.
Market Outlook and Expansion
The global EV charging market is on the verge of exponential growth and the launch of Harmony Gen 1.5 DC Fast Chargers is the company’s first step. Exicom has taken advantage of this increase in preference for DC fast chargers over AC chargers. More so, Exicom’s move to expand to south-east Asia and Europe is an indication that the company is contributing to promoting the worldwide growth of the EV ecosystem.
Management Commentary
Looking forward to this launch, Anant Nahata, CEO of Exicom stated, “Our commitment to building exceptional products and driving tech innovation stems from our dedication to solving real customer problems. As we continue to offer these innovations in India and drive our international expansion, our primary focus remains on creating a seamless, frictionless experience for users and infrastructure owners alike. This forward-thinking approach ensures that we not only address the core needs of all vehicle categories but also pave the way for a greener transportation ecosystem. With over 4500 DC chargers successfully installed, we’re bridging the demand-supply gap and empowering EV drivers to confidently embrace electric mobility.”
Read: Servotech Power Systems expands manufacturing of EV charger
Speed and Efficiency Redefined
Exicom’s Harmony Gen 1.5 DC Fast Chargers possess incomparable charging speeds which results them as the fastest DC chargers in India. Exceeding 95% efficiency level, these chargers guarantee low electricity loss leading to faster charging times as well as decreased operation expenses. Therefore, this efficiency happens to be central to the encouragement of broader Electric Vehicle (EV) purchases after eliminating the misgiving concerning time spent for recharging as well as electric power absorbed.
Versatility and Adaptability
The Harmony Gen 1.5 DC Fast Chargers stand out because they can produce different power ranges of between 60kW and 400kW due to their modular nature. Because they can be used in a variety of electric vehicles starting from small cars to giant buses, in this way, they meet all evolving demands for electric cars.
Enhanced Experience
Exicom’s commitment to user-centric design is evident in every aspect of the Harmony Gen 1.5 DC Fast Chargers. From integrated ambient lighting for improved visibility to a cable management system that facilitates easy handling of charging guns, every detail is meticulously crafted to enhance the user experience. Furthermore, the inclusion of an auto-charge function ensures a seamless charging experience, eliminating the need for manual intervention.
Durability and Reliability
Built to withstand the rigors of India’s challenging climate and electrical conditions, Harmony Gen 1.5 DC Fast Chargers are designed for durability and longevity. Constructed from premium-grade steel, these chargers guarantee long-term performance, providing a strong return on investment for charge point operators, OEMs, and dealerships alike.
Advanced Remote Management System
An advanced AI-driven remote management system sets the Harmony Gen 1.5 DC Fast Chargers apart from their counterparts. This innovative technology enables predictive maintenance and remote fault diagnostics, significantly enhancing uptime for charge point operators and ensuring a reliable charging experience for end-users.
Conclusion
The shift from slow charging systems to fast charging systems has been mentioned as a major innovative increment in EV technology made by Exicom through their fast charger, Harmony Gen 1.5 DC Fast Charger. Exicom through its fast charger has made sure that they address the needs of the current EV market while at the same time ensuring that they are moving towards a cleaner and healthier environment as far as transportation is concerned.
Exicom’s projection on the future directional trends of electric mobility seems promising as a result of their advancement in features and continual love for invention.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
