SUN Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), has announced a strategic collaboration and joint venture with IndianOil, a diversified, integrated energy major, to establish and deploy one of the largest battery swapping infrastructure networks in India by 2030.
The joint venture aims to scale up to over 10,000 battery swapping stations across more than 40 cities within the next three years. This initiative seeks to facilitate the seamless adoption of electric mobility across two-wheelers, three-wheelers, and small four-wheelers by providing a convenient “Battery as a Service” (BaaS) mobility solution.
SUN Mobility currently supports over 25,000 electric vehicles in India across 20 cities, utilizing over 630 stations and 50,000+ smart batteries that conduct over a million swaps per month for various two and three-wheeler customers.
Chetan Maini, Co-Founder & Chairman of SUN Mobility, expressed his enthusiasm for the collaboration, stating, “Seven years ago, SUN Mobility was founded on the premise of making electric vehicles affordable, reducing range anxiety, and charging time. 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 leverages IndianOil’s extensive network of over 37,000 fuel stations across the country, combined with SUN Mobility’s cutting-edge battery swapping technology. The partnership aims to make battery swapping as accessible as conventional fuel stations, thereby streamlining the customer’s EV experience and alleviating concerns regarding battery cost, maintenance, replacement, and charging time.
