Bengaluru, India
SUN Mobility, founded in 2017, is making strides in the Energy, Transportation, Energy Storage, and Automotive industries from its base in India. With its slogan, "Making Electric Vehicles (EVs) accessible and affordable for all," SUN Mobility operates as a joint venture between the Maini Group and the SUN Group, co-founded by Chetan Maini and Uday Khemka.
The company is leveraging the potential of electric mobility through its innovative battery swapping technology. This universally interoperable solution addresses key barriers to EV adoption such as high upfront costs, range anxiety, and long charging times. By decoupling battery ownership from vehicles and offering a subscription model, SUN Mobility effectively reduces barriers for EV users.
In its latest development, SUN Mobility secured an INR3.70B Corporate Round investment on 20 October 2021, with Vitol as a notable investor. This infusion further empowers the company to strengthen its network of IoT-enabled Swap Points and expand industry collaborations, solidifying its leadership in accelerating the EV revolution.
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