SUN Mobility
SUN Mobility designs and operates an interoperable battery swapping platform for electric two-, three-, and four-wheelers in India, serving commercial fleets, gig workers, and OEMs via a pay-per-swap BaaS model across 2,230+ stations and ~140,000 vehicles, with a 50:50 IndianOil JV and expanding into Africa and Southeast Asia.
- Company typePrivate
- Founded2017
- HeadquartersBangalore, India
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What SUN Mobility does
SUN Mobility Private Limited, founded in 2017 and headquartered in Bengaluru, designs and operates an interoperable battery swapping platform for electric two-, three-, and four-wheelers in India. Its core technology stack comprises swappable lithium-ion smart batteries, quick interchange stations with temperature-controlled high-throughput design, plug-and-play modular battery docks compatible across OEMs, and an IoT-enabled "Smart Network" platform that provides asset monitoring, fleet optimization, and dedicated apps for drivers, fleet managers, and infrastructure partners. In 2026, the company received India's first AIS-038 certification from ARAI for a high-voltage swappable battery platform for heavy commercial vehicles, extending the platform into trucks and buses.
The company monetizes through a Battery-as-a-Service (BaaS) pay-per-swap model at an estimated ₹30-60 per swap, decoupling battery ownership from vehicle purchase and reducing EV upfront costs. Revenue is generated from per-swap fees, subscription plans, a franchise network (₹10-40 lakhs investment per station with ~30% target returns; 200+ stations across 12+ cities), and OEM integration agreements (32 OEM partnerships under the Indofast Energy JV). A 50:50 joint venture with IndianOil Corporation, Indofast Energy, operates a parallel network of 1,600+ stations serving 90,000 vehicles and is targeted to scale to 10,000+ stations by 2027. Combined, SUN Mobility powers approximately 140,000 vehicles across 2,230+ stations, facilitates 1.5 million monthly swaps, and has covered ~30 million emission-free km per month.
SUN Mobility serves commercial fleet operators, gig workers, e-commerce and delivery companies, electric two- and three-wheeler OEMs, and heavy commercial vehicle operators, with primary end customers in India and an expanding footprint in Kenya (entered February 2026 via Skoot Technology and Car & General), with planned expansion into the Philippines and Southeast Asia. The company is led by co-founder and Chairman Chetan Maini, co-founder and Vice Chairman Uday Khemka, CEO Anant Badjatya, and COO Franco Bellillo, and has raised approximately $135 million in disclosed funding from Vitol, Helios Climate, InfraCo Asia, and PIDG.
SUN Mobility firmographics
Firmographics- Name
- SUN Mobility
- Legal name
- SUN MOBILITY PRIVATE LIMITED
- Website
- https://sunmobility.co.in
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SUN Mobility designs and operates an interoperable battery swapping platform for electric two-, three-, and four-wheelers in India, serving commercial fleets, gig workers, and OEMs via a pay-per-swap BaaS model across 2,230+ stations and ~140,000 vehicles, with a 50:50 IndianOil JV and expanding into Africa and Southeast Asia.
- Ownership category
- akta.pro rank
SUN Mobility industry classification
Industry- Product category
- EV Battery Swapping Infrastructure
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electric & Other Services Combined (4931)
- akta.pro primary industry
- Micromobility Charging & Battery Swapping Services (THADAGAL)
- akta.pro secondary industries
- E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA)
Keywords
Where SUN Mobility is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
SUN Mobility business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Battery-as-a-Service (BaaS): Pay-per-use model where customers pay for battery swaps rather than purchasing batteries upfront. Reduces EV upfront costs by decoupling battery ownership from vehicle purchase. Swap times of 60-120 seconds with per-swap costs estimated at ₹30-60.
- Energy Infrastructure Services: Providing battery swapping infrastructure and services to fleet operators, delivery companies, and individual drivers through a network of interchange stations. Revenue generated from per-swap fees and subscription plans.
- Franchise Network Revenue: Franchise partners invest ₹10-40 lakhs to set up battery swapping stations. SUN Mobility provides technology platform, batteries, and operational support while franchisees provide location and local operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Battery-as-a-Service (BaaS) - Pay-per-swap model |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
SUN Mobility product offering
Product offeringCore offering
SUN Mobility provides universal energy infrastructure for electric vehicles through a Battery-as-a-Service (BaaS) model that decouples battery ownership from vehicle purchase. The company designs swappable lithium-ion batteries interoperable across 2, 3, and 4-wheelers, deploys quick interchange stations enabling 60-120 second battery swaps, and operates an IoT-enabled network platform for asset monitoring and fleet optimization. Customers subscribe to the service through fleet operators, OEM integrations, and a franchise-operated swap station network.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart Batteries Swappable, safe, and connected lithium-ion batteries that are interoperable across 2, 3, and 4-wheelers. Lightweight and robust, these batteries form the foundation of SUN Mobility's Battery-as-a-Service offering for OEMs, fleet operators, and individual drivers.
- Quick Interchange Stations Battery swapping stations that enable quick swaps in minutes, with temperature control and high throughput capabilities. Deployed across India's cities for battery swap operations.
- Smart Network Platform A single platform for asset monitoring and smart optimization of services and fleets, with dedicated apps for drivers, fleet managers, and infrastructure partners. Enables IoT-enabled real-time monitoring and subscription-based battery usage management.
- Plug-and-Play Battery Docks Modular battery docks compatible across all OEMs, IP-rated for protection from the elements, with capacity modularity based on requirements. Forms the hardware integration layer between swappable batteries and OEM vehicles.
- Battery-as-a-Service (BaaS) Pay-as-you-go energy model that separates battery from vehicle ownership, enabling EVs to be financially viable by addressing high upfront costs, range anxiety, and long refueling time. Per-swap costs estimated at ₹30-60 with 60-120 second swap times.
- Indofast Energy A 50:50 joint venture between IndianOil Corporation Limited and SUN Mobility operating battery swapping stations for electric vehicles across India, with over 1,600 stations and 90,000 vehicles under its network as of FY26.
- IoT-enabled BaaS Solutions IoT-enabled Battery-as-a-Service solutions for electric two- and three-wheelers in India, featuring real-time monitoring and subscription-based battery usage capabilities.
- AIS-038 Certified Swappable Battery Platform for Heavy Commercial Vehicles Indigenously developed high-voltage swappable battery platform for heavy commercial vehicles (trucks and buses), India's first AIS-038 certified platform for this vehicle segment. Enables modular battery swapping with interoperability and scalability for commercial fleet operations.
Quantifiable outcome
- Reduces EV upfront costs by up to 40% through Battery-as-a-Service model
- +4 more outcomes
Companies that use SUN Mobility
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles5 records
SUN Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
SUN Mobility partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major, core, flagship and minor.
- BijliridemajorPartnership with Bijliride to enhance EV rental operations through Indofast Energy's battery-swapping network with 1,484+ stations across India, starting in Hyderabad
- Skoot TechnologycorePartnership with Skoot Technology and Car & General to launch Skoot e3W electric three-wheeler in Kenya with SUN Mobility's battery swapping technology. First entry into African market
- e-SprintomajorIndofast Energy partnered with e-Sprinto to deploy 20,000 electric two-wheelers in India by 2026, integrating e-Sprinto's EVs with battery-swapping network for enhanced delivery operations
- IndianOil (Strategic Partnership)flagshipStrategic partnership between Sun Mobility and IndianOil to support scale-up of EV charging infrastructure across India, enabling battery swapping to reach 1.5 million monthly swaps
- IndianOil Corporationflagship50:50 joint venture 'Indofast Energy' formed between IndianOil and SUN Mobility to operate battery swapping stations across India. JV has 1,600+ stations, 90,000 vehicles, and 32 OEM partnerships
- Car & General (Kenya)coreKenyan distributor for Skoot e3W electric three-wheelers featuring SUN Mobility's battery swapping. Vehicle underwent two years of testing in Nairobi before launch
- Odysse Electric VehiclesmajorOdysse Electric partnered with Indofast Energy to introduce battery-swapping technology for their electric two-wheelers, enabling quick battery replacements across Odysse's retail network spanning 17 states
- Convergence India ExpominorSUN Mobility participating as speaker in Convergence India 2026 expo session on 'Connected, Intelligent, Efficient: The Next Era of Telematics Innovation' exploring IoT, AI and cloud convergence in mobility
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
SUN Mobility competitors and assessment
Company assessmentDirect peers
- Gogoro: Taiwan-based pioneer in battery swapping for electric two-wheelers, operating one of the world's densest urban swap networks. Directly comparable to SUN Mobility's core 2/3-wheeler BaaS model, IoT-enabled smart batteries, and station network.
- Bounce Infinity: Indian electric two-wheeler OEM and battery swapping operator. Comparable to SUN Mobility in combining EV manufacturing with proprietary battery swapping infrastructure in India.
- Battery Smart: Indian battery-as-a-service operator for electric two- and three-wheelers. Direct competitor to SUN Mobility in the same Indian micromobility BaaS segment with similar asset-light station model.
- VoltUp: Indian battery swapping operator for electric two- and three-wheelers focused on last-mile delivery fleets. Direct competitor in BaaS for Indian commercial fleet operators and gig workers.
- Power Global: India-focused battery swapping startup targeting electric two- and three-wheelers. Direct competitor in the same Indian BaaS segment with similar franchise-driven station model.
- KYMCO (Ionex): Taiwanese scooter OEM with Ionex battery swapping platform for two-wheelers. Closely comparable technology stack to SUN Mobility's interoperable smart batteries and quick interchange stations.
Broad incumbents
- NIO: Chinese premium EV maker operating the largest passenger-vehicle battery swap network globally. Comparable battery swap technology and BaaS economics, though focused on cars/SUVs rather than micromobility.
- Ola Electric: India's largest electric two-wheeler manufacturer, actively building captive battery swapping infrastructure. Comparable in 2-wheeler EV focus and emerging swap network, but vertically integrated as an OEM.
- Hero MotoCorp: India's largest two-wheeler manufacturer investing in EV and battery swapping through partnerships. Comparable in serving the Indian 2W EV ecosystem and exploring BaaS models.
Emerging players
- Ample: US-based modular battery swapping company for passenger EVs. Comparable in its BaaS subscription model and modular battery design philosophy, though serving a different geography and vehicle class.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
SUN Mobility social profiles
Digital presenceSUN Mobility compliance and trust
Trust signalCompliance1 record
SUN Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
SUN Mobility leadership team
Management profileNumber of profiles
Profiles4 records
SUN Mobility subsidiaries and ownership
Company hierarchySubsidiaries1 record
SUN Mobility funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SUN Mobility M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SUN Mobility
What does SUN Mobility do?
SUN Mobility provides universal energy infrastructure for electric vehicles through a Battery-as-a-Service (BaaS) model that decouples battery ownership from vehicle purchase. The company designs swappable lithium-ion batteries interoperable across 2, 3, and 4-wheelers, deploys quick interchange stations enabling 60-120 second battery swaps, and operates an IoT-enabled network platform for asset monitoring and fleet optimization. Customers subscribe to the service through fleet operators, OEM integrations, and a franchise-operated swap station network.
Is SUN Mobility a public or private company?
SUN Mobility is a private company. It is classified as venture growth investor backed and is currently operating.
When was SUN Mobility founded?
SUN Mobility was founded in 2017. It employs 501 to 1,000 people.
Where is SUN Mobility based?
SUN Mobility is headquartered in Bangalore, India, in the Asia region.
How does SUN Mobility make money?
Three revenue lines are on record. Battery-as-a-Service (BaaS) is the primary driver. The others are energy Infrastructure Services and franchise Network Revenue.
Who are SUN Mobility's main competitors?
Direct peers on record are Gogoro, Bounce Infinity, Battery Smart, VoltUp, Power Global and KYMCO (Ionex). Broad incumbents are NIO, Ola Electric and Hero MotoCorp. Ample is listed as an emerging player.
Does SUN Mobility have an API?
No public API is recorded for SUN Mobility.
What industry is SUN Mobility in?
SUN Mobility's product category is EV Battery Swapping Infrastructure. Its primary akta.pro industry code is THADAGAL, Micromobility Charging & Battery Swapping Services, with a secondary code of CRACASAI, E-Mobility Batteries & Swappable Packs (Consumer). Its NAICS code is 33591 and its SIC code is 4931.