Company:SUN Mobility

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Short description: Indian electric vehicle energy service provider

SUN Mobility
TypePrivate
IndustryAutomotive industry
Founded2017; 7 years ago (2017)
FoundersChetan Maini, Uday Khemka, Ajay Goel
Headquarters
Bengaluru
,
India
Key people
Chetan Maini (Chairperson).[1]
ProductsElectric Vehicle Infrastructure
ServicesEV Battery Swapping & Energy Infrastructure
Number of employees
500[2]
ParentSUN Mobility PTE, Singapore
Websitewww.sunmobility.com

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 as a 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 made an investment in SUN Mobility to the tune of $25 million[16] 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.[17]

In 2023, SUN Mobility began international operations with Shell being a partner in the Philippines.[18]

Operations

A lady swapping passenger auto-rickshaw batteries at a SUN Mobility Swap Point

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.[19] 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.[20][21]

SUN Mobility offers Battery-as-a-Service (BaaS)[22] and Mobility-as-a-Service (MaaS)[23] as two solutions to its customers.

SUN Mobility operates over 600 battery swapping points [24][25] 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 parts of India.

Products and services

The second-gen Battery Pack 'S2.1', launched in January 2023

SUN Mobility provides modular Smart Batteries that are smaller, lighter than conventional fixed EV batteries, and swappable in a few minutes. The second-generation Smart battery S2.1 was launched at the Delhi Auto Expo[26] in January 2023. This new model of the battery offers a higher capacity compared to the earlier generation battery, and comes with enhanced safety features.

The 3-dock Swap Station 'SwapX' launched in January 2023

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.[27] It comes with 3 docks and can be installed within an area of 4.5 to 6 sq. feet, and requires a 15A power supply to operate.

Partners and network

A Swiggy delivery rider swapping a battery at a Swap Point

SUN Mobility has partnered with fleet operators (such as Amazon,[28] Zomato,[29] Swiggy[30]), shared mobility service providers, and automotive OEMs(such as Omega Seiki Mobility,[31] Hero Electric,[32] Piaggio Vehicles Pvt. Ltd.[33], 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,[34] Delhi Metro Rail Corporation,[35] Tata Power Delhi Distribution Limited,[36] etc., the company has been working on expanding their network across urban India.

References

  1. ↑ "Chetan Maini: The Mobility Transformer". Entrepreneur.com. April 2023. https://www.entrepreneur.com/en-in/entrepreneurs/chetan-maini-the-mobility-transformer/448858. 
  2. ↑ "SUN Mobility company profile". Tracxn. https://tracxn.com/d/companies/sun-mobility/__im-OkXaXzSsGy8b55eNohrKkJv9JQ_s8bF2T4Y98afQ. 
  3. ↑ "After exiting India's first e-car venture, will Chetan Maini make a breakthrough in e-mobility services?". Economic Times. https://auto.economictimes.indiatimes.com/news/industry/after-exiting-indias-first-e-car-venture-will-chetan-maini-make-a-breakthrough-in-e-mobility-services/98004718. 
  4. ↑ "Chetan Maini: Back in the electric mobility business". Forbes. https://www.forbesindia.com/article/road-to-electric/chetan-maini-back-in-the-electric-mobility-business/49411/1. 
  5. ↑ "Sun Mobility: start-up that's gunning to be an EVangelist". Autocar Professional. https://www.autocarpro.in/feature/sun-mobility-aims-evangelist-29097. 
  6. ↑ "Chetan Maini plans new venture". The Hindu. 12 April 2017. https://www.thehindu.com/business/Economy/chetan-maini-plans-new-venture/article17957925.ece. 
  7. ↑ "Sun Mobility introduces mobility as a service solution". India Today. https://www.indiatoday.in/auto/latest-auto-news/story/sun-mobility-introduces-mobility-as-a-service-solution-1845777-2021-08-26. 
  8. ↑ "Delhi drives push for electric vehicles in India". Financial Times. https://www.ft.com/content/a20b2322-4b09-11e9-bbc9-6917dce3dc62. 
  9. ↑ "The long road ahead for electric vehicles". Forbes India. https://www.forbesindia.com/article/real-issue/the-long-road-ahead-for-electric-vehicles/48155/1. 
  10. ↑ "Battery swapping: Advantages, setbacks and its future". The Times of India. https://timesofindia.indiatimes.com/blogs/voices/battery-swapping-advantages-setbacks-and-its-future/. 
  11. ↑ "Aiming for a green (and electric) future". Autocar Professional. https://www.autocarpro.in/feature/aiming-green-electric-future-25765. 
  12. ↑ "SUN Mobility Expands its Battery Swapping Operations to Maharashtra in Collaboration with Amazon India" (Press release). PR News Wire.
  13. ↑ "Mahindra & Mahindra buys 55% in Reva to power electric car biz". ET Auto. https://economictimes.indiatimes.com/mahindra-mahindra-buys-55-in-reva-to-power-electric-car-biz/articleshow/5978957.cms. 
  14. ↑ "Pilipinas Shell signs pact with SUN Mobility for battery swapping tech". The Hindu Businessline. https://www.thehindubusinessline.com/companies/pilipinas-shell-signs-pact-with-sun-mobility-for-battery-swapping-tech/article66412460.ece. 
  15. ↑ "Anant Badjatya to head Sun Mobility as CEO of India business". Autocar Professional. https://www.autocarpro.in/news-national/anant-badjatya-to-head-sun-mobility-as-ceo-of-india-business-81331. 
  16. ↑ "Bosch acquires 26% stake in Sun Mobility". ETAuto. https://auto.economictimes.indiatimes.com/news/industry/bosch-acquires-26-stake-in-sun-mobility/77928929. 
  17. ↑ "Sun Mobility raises $50 million from Vitol". Economic Times. 20 October 2021. https://economictimes.indiatimes.com/tech/funding/sun-mobility-raises-50-million-from-vitol/articleshow/87153478.cms. 
  18. ↑ "Pilipinas Shell signs pact with SUN Mobility for battery swapping tech". The Hindu Businessline. 20 January 2023. https://www.thehindubusinessline.com/companies/pilipinas-shell-signs-pact-with-sun-mobility-for-battery-swapping-tech/article66412460.ece. 
  19. ↑ "Battery Swapping: Views of experts on opportunities and challenges". RenewableWatch. https://renewablewatch.in/2022/06/22/battery-swapping/. 
  20. ↑ "This swappable battery tech is keeping India’s electric tuk-tuk drivers on the road". World Economic Forum. https://www.weforum.org/agenda/2021/01/sun-mobility-ev-battery-swap-stations/. 
  21. ↑ "SUN Mobility Will Introduce Battery Swap Station Franchises In India". Mobility Outlook. https://www.mobilityoutlook.com/conversations/sun-mobility-will-introduce-battery-swap-station-franchises-in-india/. 
  22. ↑ "What is battery swapping or battery-as-a-service?". Business Standard. https://www.business-standard.com/podcast/automobile/what-is-battery-swapping-or-battery-as-a-service-122031800055_1.html. 
  23. ↑ "SUN Mobility under MaaS model partners with Zypp Electric to power EV fleets". ET Auto. https://auto.economictimes.indiatimes.com/news/commercial-vehicle/lcv/sun-mobility-under-maas-model-partners-with-zypp-electric-to-power-ev-fleets/86032161. 
  24. ↑ "Sun Mobility’s swapping points: A compelling choice". Business India. https://businessindia.co/magazine/sun-mobilitys-swapping-points-a-compelling-choice. 
  25. ↑ "SUN Mobility sets sights on the heavy-duty vehicle market". The Hindu Businessline. https://www.thehindubusinessline.com/companies/sun-mobility-aims-for-the-heavy-duty-vehicle-market-preparing-to-launch-solutions-shortly/article67449002.ece. 
  26. ↑ "SUN Mobility launches new SwapX station and S2.1 battery pack: Aims to power 1 million EVs by 2025". Times of India. 13 January 2023. https://timesofindia.indiatimes.com/auto/electric-bikes/sun-mobility-launches-new-swapx-station-and-s2-1-battery-pack-aims-to-power-1-million-evs-by-2025/articleshow/96970216.cms. 
  27. ↑ "SUN Mobility launches new SwapX station and S2.1 battery pack: Aims to power 1 million EVs by 2025". Times of India. 13 January 2023. https://timesofindia.indiatimes.com/auto/electric-bikes/sun-mobility-launches-new-swapx-station-and-s2-1-battery-pack-aims-to-power-1-million-evs-by-2025/articleshow/96970216.cms. 
  28. ↑ "SUN Mobility Expands its Battery Swapping Operations to Maharashtra in Collaboration with Amazon India". PR Newswire. https://www.prnewswire.com/in/news-releases/sun-mobility-expands-its-battery-swapping-operations-to-maharashtra-in-collaboration-with-amazon-india-835992504.html. 
  29. ↑ "SUN Mobility Expands its Battery Swapping Operations to Maharashtra in Collaboration with Amazon India". Economic Times. https://economictimes.indiatimes.com/industry/renewables/sun-mobility-to-power-50000-electric-two-wheelers-of-zomatos-fleet-over-next-2-years/articleshow/99025488.cms. 
  30. ↑ "SUN Mobility to power 15K e-bikes in Swiggy’s last-mile delivery fleet". ET Auto. https://auto.economictimes.indiatimes.com/news/two-wheelers/sun-mobility-to-power-15000-e-bikes-in-swiggys-last-mile-delivery-fleet/103384279. 
  31. ↑ "OSM & SUN Mobility partner to deploy 10,000 C-EVs with swappable batteries". Financial Express. https://www.financialexpress.com/business/express-mobility-osm-sun-mobility-partner-to-deploy-10000-c-evs-with-swappable-batteries-2412758/. 
  32. ↑ "Hero Electric, SUN Mobility to deploy 10k e-two wheelers with swappable battery". Economic Times. https://economictimes.indiatimes.com/industry/renewables/hero-electric-sun-mobility-to-deploy-10k-e-two-wheelers-with-swappable-battery/articleshow/90050201.cms. 
  33. ↑ "Piaggio and SUN Mobility join hands for swappable battery technology". Economic Times. https://energy.economictimes.indiatimes.com/news/power/piaggio-and-sun-mobility-join-hands-for-swappable-batter-technology/71919769. 
  34. ↑ "Sun Mobility partners Indian Oil for battery swapping station in Chandigarh". Autocar Professional. https://www.autocarpro.in/news-national/sun-mobility-partners-indian-oil-for-battery-swapping-station-in-chandigarh-56667. 
  35. ↑ "DMRC, Sun Mobility flag off electric 3Ws with swappable batteries in Delhi". Financial Express. https://www.financialexpress.com/business/express-mobility-dmrc-sun-mobility-flag-off-electric-3ws-with-swappable-batteries-in-delhi-2721297/. 
  36. ↑ "Tata Power-DDL Partners With SUN Mobility To Set Up A Network Of Swap Points™ In New Delhi". EMobility Plus. https://emobilityplus.com/2021/03/26/tata-power-ddl-partners-with-sun-mobility-to-set-up-a-network-of-swap-points-in-new-delhi/. 



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