Sun Mobility

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Opportunity

SUN Mobility is a global market leader and pioneer in battery swapping for e-mobility, with a unique OEM-agnostic technology operating across 2-wheelers, 3-wheelers, and heavy electric vehicles. The company’s Battery-as-a-Service (BaaS) model decouples battery ownership from vehicles. It thereby reduces upfront costs, charging times and offers competitive cost of ownership to the end-customer compared to other e-mobility business models and particularly compared to internal combustion engine (ICE) vehicles. Sun Mobility is operating at scale across India, with 1000+ charging stations and 55k+ vehicles on its network, through strategic partnerships with OEMs, fleet operators, and energy providers, such as Indian Oil and Vivo Energy.

Investment Summary

Date of investment

July 2025

Sector

Green Transport & Logistics

Strategies

Climate

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Sun Mobility | Helios Investment Partners