Rotomag Enertec Limited has approved a strategic investment in Su-vastika Systems Private Limited in exchange for equity shares. The investment is directed towards expanding Su-vastika’s focus on lithium energy storage systems and AI-enabled power management technologies.
Moreover, the investment aims to strengthen Su-vastika’s foundation with Rotomag’s industrial experience and manufacturing scale. Furthermore, both companies will collaborate on co-developing products, expanding into new markets, and leveraging each other’s technological and operational capabilities.
Su-vastika, founded in 2019, is an energy technology company that operates in power backup and energy storage innovation. Rotomag, founded in 1993, is a clean energy manufacturer active in manufacturing motors, gearboxes, electric vehicle drive trains, and solar-powered pumping systems.
