SUN Mobility

SUN Mobility is an electric vehicle energy services company founded in 2017[3][4][5][6] that develops, manufactures and operates battery swapping infrastructure [7] for electric two-wheelers, three-wheelers, and larger commercial vehicles.[8][9] Battery swapping technology helps accelerate the faster adoption of electric vehicles due to the lower upfront purchase price of electric vehicles, and the lower running costs - particularly in the case of commercial applications.[10]

The company is a joint venture[11] between the SUN Group and the Maini Group,[12] both companies in the areas of electric mobility and clean energy. The company is co-founded by Chetan Maini, the founder of the Reva Electric Car Company[13] (now known as Mahindra Last Mile Mobility Limited), Uday Khemka, Vice Chairman of SUN Group, and Ajay Goel, Co-Founder & Executive Director.[14] Anant Badjatya is the current CEO of the India business, since March 2022.[15]

History

In 2019, Bosch (company) invested $25 million SUN Mobility[16][17][18] and has since been a technology partner. Vitol, the Dutch oil trading organization, is also an investor in the company having made an investment of $50 million in 2021.[19]

In 2023, SUN Mobility began international operations with Shell being a partner in the Philippines.[20]

Operations

Battery swapping as a technology addresses common roadblocks to electric vehicle adoption such as high up-front costs, range anxiety, battery management concerns, and battery pack obsolescence.[21] SUN Mobility's battery swapping technology enables users to purchase their electric vehicles without a fixed battery pack, and subscribe to a battery swapping service that allows them to simply swap a depleted battery for a fully charged, temperature-controlled battery pack.[22][23]

SUN Mobility offers Battery-as-a-Service (BaaS)[24] and Mobility-as-a-Service (MaaS)[25] as two solutions to its customers.

SUN Mobility operates over 600 battery swapping points [26][27] across India, and has the leading market share in e-auto and e-loader (three-wheeler cargo vehicle) categories, the highest market share in swappable e-bikes, and about 50% market share in e-rickshaws in northern India.

Products and services

SUN Mobility provides modular Smart Batteries that are smaller and lighter than conventional fixed EV batteries, and are swappable in a few minutes. The second-generation Smart battery S2.1 was launched at the Delhi Auto Expo[28] in January 2023. This new model of battery offers a higher capacity compared to earlier generations and comes with enhanced safety features.

The SwapX is a battery swapping station that was developed by SUN Mobility to improve the density of the battery swapping network. SwapX was launched in January 2023 at the Delhi Auto Expo.[29] It comes with 3 docks and can be installed within an area of 4.5 to 6 sq. feet, requiring a 15A power supply to operate.

Partners and network

SUN Mobility has partnered with fleet operators (such as Amazon,[30] Zomato,[31] Swiggy[32]), shared mobility service providers, and automotive OEMs(such as Omega Seiki Mobility,[33] Hero Electric,[34] Piaggio Vehicles Pvt. Ltd.,[35] and a few others) across vehicle platforms including two-wheelers, three-wheelers, and four-wheelers to bring battery swapping to a wider user base across India.

In collaboration with prominent energy infrastructure players, electricity distribution companies, and city transport corporations such as Indian Oil Corporation,[36] Delhi Metro Rail Corporation,[37] Tata Power Delhi Distribution Limited,[38] etc., the company has been working on expanding their network across urban India.