SUN Mobility signs Landmark deal with IndianOil

SUN Mobility, the leading provider of energy infrastructure and services for electric vehicles (EVs),  announced a strategic collaboration and a joint venture with IndianOil, a diversified, integrated energy major to establish and deploy one of the largest battery-swapping infrastructure networks by 2030.

 The joint venture expects to scale up to over 10,000 battery swapping stations across 40+ cities in the next 3 years and will enable seamless adoption of electric mobility across 2W, 3W and small 4W vehicles, by providing a convenient "Battery as a Service" (BaaS) mobility solution.

SUN Mobility currently supports more than 25,000 electric vehicles in India across 20 cities, using over 630 stations and 50,000+ smart batteries that clock over a million swaps per month while catering to various 2 & 3-wheeler customers.

Chetan Maini, Co-Founder & Chairman, SUN Mobility, said, “Seven years ago, SUN Mobility was founded on the premise of making electric vehicles affordable, reducing range anxiety and time for charging electric vehicles. Since then, we have created the world’s leading open architecture platform for battery swapping that seamlessly supports various electric vehicle form factors across multiple OEMs and are deploying globally in partnership with the world’s leading energy companies. Today, on World Environment Day, it gives me great pride to announce that together, we aim to transform mobility in India and create a benchmark for the world to follow.”

This strategic joint venture brings together the might of IndianOil’s network of over 37,000 fuel stations across the country, with SUN Mobility’s unparalleled battery-swapping technology making it as accessible as conventional fuel stations. It will thus streamline the customer’s EV experience by conveniently offering Battery as a Service (BaaS) nationwide and alleviate worries about battery cost, maintenance, replacement, and charging time.