IndianOil and EV infrastructure provider SUN Mobility have an agreement for the establishment of battery-swapping stations in Indian cities.
On Wednesday, SUN Mobility, a supplier of energy infrastructure and services for EVs, announced a collaboration with IndianOil. By 2030, they hope to have a large-scale network of infrastructure for battery swapping in place.
Within the next three years, the joint venture wants to reach more than 10,000 battery switching stations in more than 40 cities. By providing a “Battery as a Service” (BaaS) mobility solution, this project will make it easier for two-wheelers, three-wheelers, and tiny four-wheelers to seamlessly adopt electric mobility.
The official statement from the company claims that this approach can allay concerns regarding battery maintenance, replacement, cost, and charging time.
According to the statement, this partnership combines SUN Mobility’s battery swapping technology with IndianOil’s extensive statewide network of over 37,000 fuel stations. The use of electric vehicles will then be as convenient as using conventional gas stations. None of the parties have, however, revealed any financial transactions.
SUN Mobility’s co-founder and chairman, Chetan Maini, emphasized the company’s original goals of lowering the cost of electric vehicles and resolving range and charging concerns. “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,” he remarked on World Environment Day.
Presently, SUN Mobility provides services for more than 25,000 electric cars in 20 Indian cities. More than a million swaps every month are made possible by more than 630 stations and more than 50,000 batteries, catering to a wide spectrum of consumers with two- and three-wheel vehicles. Since its founding in 2017, the business has concentrated on creating an open architecture platform for electric vehicle battery swapping and growing internationally by forming alliances with other energy suppliers.
IndianOil, a government-owned company, is also going into the renewable energy market. With an extensive workforce, infrastructure, and R&D team, IndianOil caters to Indian customers as well as those overseas, like Sri Lanka, Mauritius, and the UAE.
