SUN Mobility

About

Founded in 2017, SUN Mobility is a private headquartered in Bengaluru, India with approximately 200-500 employees specializing in Energy Storage.

SUN Mobility designs, develops, and operates universal energy infrastructure for electric mobility across two, three, and four-wheelers. The company's core innovation is a battery-as-a-service model that decouples batteries from vehicles, enabling a pay-as-you-go energy payment system. This approach eliminates high upfront vehicle costs, reduces range anxiety, and eliminates lengthy charging times. As of the reported period, the company had deployed over 600 battery-swapping stations across 20 cities, powering a fleet exceeding 25,000 electric vehicles. In June 2024, SUN Mobility formed a 50:50 joint venture with Indian Oil Corporation, establishing Indofast Swap Energy Pvt. Ltd. to scale battery-swapping infrastructure nationwide, targeting 10,000+ stations. The company has received significant institutional backing, including a 26% stake acquisition by Bosch in 2019 and a $50 million investment from Vitol in 2021.

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