Bosch picks up 26% stake in Sun Mobility

German Tier 1 Bosch has acquired a 26 percent stake in Chetan Maini-backed Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles. The technology major has bought the stake through its investment vehicle Robert Bosch Investment Nederland.

Bosch says with its global reach it is focussing on enabling electrification within its four-pillar approach towards mobility – personalised, automated, connected and electrified. The partnership intends to address critical challenges pertaining to adoption of electro mobility.

Soumitra Bhattacharya, president, Bosch Group in India said, “Bosch engagement with Sun Mobility complements our shared vision towards the growth of electromobility. At Bosch, we firmly believe that the diverse powertrain technologies will continue to coexist. A mix of combustion engines and electrification will be needed for a highly efficient mobility ecosystem.”

Chetan Maini, co-founder and vice-chairman, Sun Mobility said, “This is a significant milestone for Sun Mobility as we are joined by Bosch, a leader in the mobility ecosystem, in our march towards the future of mobility. This reaffirms our mission to build a cost-effective and convenient energy infrastructure solution to accelerate the adoption of EVs in India and the world.”