SUN Mobility-IOCL announced the appointment of Anant Badjatya as CEO of their new joint venture, Indofast Swap Energy Pvt. Ltd. Previously the CEO of SUN Mobility, Badjatya assumes his new role immediately. This follows the agreement between IOCL and SUN Mobility in June 2024 to create one of India's largest battery-swapping networks by 2030.
With over 20 years of experience in the energy and automotive sectors, Badjatya will lead Indofast Swap Energy in building a large-scale battery-swapping network. The network will leverage IndianOil’s existing infrastructure of over 37,000 fuel stations across the country, combined with SUN Mobility’s battery-swapping technology. Indofast Swap Energy will use a Battery-as-a-Service model, providing two- and three-wheeler owners with affordable mobility options, reducing concerns about range and charging times.
Commenting on his new role, Anant Badjatya, CEO of Indofast Swap Energy Pvt. Ltd., expressed his focus on providing innovative technology and infrastructure for two- and three-wheeler customers, offering practical and eco-friendly mobility solutions.
The creation of Indofast Swap Energy aligns with India's sustainability goals and efforts to promote electric vehicle adoption. IOCL and SUN Mobility aim to enhance battery management systems and expand the charging infrastructure across the country to support these goals.
SUN Mobility is an energy solutions company focused on providing innovative and sustainable mobility solutions, particularly through its battery-swapping technology. Founded in 2017, the company aims to address key challenges in electric vehicle (EV) adoption, including range anxiety, long charging times, and high upfront costs. SUN Mobility offers a Battery-as-a-Service (BaaS) model, enabling two- and three-wheeler owners to swap discharged batteries for fully charged ones at convenient swap stations. This solution is designed to make electric mobility more accessible, efficient, and cost-effective.
Partnering with major players in the energy and automotive sectors, including Indian Oil Corporation Ltd. (IOCL), SUN Mobility is working to build a vast battery-swapping network across India.