In a significant boost to its electric mobility ambitions, Varroc wins a global EV OEM contract to supply AC bi-directional wall chargers to a leading international electric vehicle manufacturer. This multi-year agreement marks a pivotal step in Varroc’s evolution as a key player in automotive electronics and next-generation EV infrastructure.
Six-Year Programme with Strong Revenue Potential
The newly secured programme will run for six years, with Varroc aligning its production capacity to meet the OEM’s projected volumes. At peak capacity, the annual business value is estimated at ₹4,391 million (approximately $48 million), highlighting the commercial scale and long-term visibility of the project. As Varroc wins a global EV OEM contract, it reinforces the company’s growing relevance in the rapidly expanding EV supply chain.
Advanced Bi-Directional Charging Technology
Under the agreement, Varroc will supply Energy Star-compliant AC bi-directional wall chargers. These chargers are engineered to deliver stable performance, advanced safety features, and efficient energy management. Bi-directional charging allows power to flow both to and from the vehicle, supporting future-ready use cases such as vehicle-to-grid (V2G) and smarter energy ecosystems. The rising global demand for such advanced charging solutions has played a key role in this strategic win.
Global Manufacturing from Romania Facility
Manufacturing for the chargers will take place at Varroc’s state-of-the-art facility in Romania. This location ensures adherence to global quality benchmarks, operational efficiency, and reliable delivery timelines for international markets. The deal further strengthens Varroc’s manufacturing and electronics footprint in Europe while supporting its global OEM partnerships.
Strategic Impact on Varroc’s Growth Roadmap
As Varroc wins a global EV OEM contract, the deal significantly strengthens its position in the global passenger vehicle electronics market. It aligns seamlessly with the company’s long-term strategy to scale high-growth segments such as electric powertrain solutions, e-mobility, connectivity, and advanced driver assistance systems (ADAS). Following the announcement on February 3, 2026, Varroc’s shares surged over 5.5%, reflecting strong investor confidence.
Driving the Future of Electric Mobility
With continued investments in automotive technologies and electronics manufacturing, Varroc is positioning itself to meet the accelerating global trend toward electrification. As Varroc wins a global EV OEM contract, it not only expands its product portfolio but also reinforces its role as a trusted global partner in shaping the future of electric mobility.
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