SUN Mobility inks JV with IndianOil for battery swapping infra networks

SUN Mobility has inked a joint venture with IndianOil to deploy 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.

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 and 3 wheeler customers, the press release noted. 

The JV brings together IndianOil’s network of over 37,000 fuel stations across the country, with SUN Mobility’s battery swapping technology, making it as accessible as conventional fuel stations. 

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."