Home / Business and Economy / Varroc Secures Global EV Charger Contract
Varroc Secures Global EV Charger Contract
3 Feb
Summary
- Varroc will supply AC bi-directional EV chargers for six years.
- The contract is valued at approximately $48 million annually.
- Chargers will be manufactured in Romania to global standards.
Varroc Engineering has announced a substantial six-year contract to supply AC bi-directional wall chargers to a major global electric vehicle (EV) original equipment manufacturer (OEM). This agreement represents a significant advancement for Varroc in the expanding electric mobility market.
The company will produce Energy Star-compliant chargers featuring high stability and advanced safety. Manufacturing will take place at Varroc's Romanian facility, adhering to stringent global quality and delivery benchmarks. The program is projected to span six years, with Varroc planning its manufacturing capacity to meet the OEM's anticipated volume requirements.
At its anticipated peak, the annual business value from this contract is estimated to reach ₹4,391 million, equivalent to approximately $48 million. This development highlights Varroc's dedication to providing sophisticated electronic solutions to its international OEM partners and its commitment to fostering safe, smart, and sustainable mobility worldwide.
