SUN Mobility Secures $135M to Accelerate the EV Revolution with Next-Gen Battery Swapping Technology

SUN Mobility is thrilled to announce a groundbreaking funding milestone, having raised INR 135,000,000 to drive the future of sustainable transportation. This exciting infusion of capital marks a significant step forward for the company, which was co-founded by industry trailblazers Chetan Maini and Uday Khemka. As a joint venture between the Maini Group and the SUN Group, SUN Mobility is on a mission to make electric vehicles affordable and accessible to everyone by revolutionizing the way we charge and power these vehicles. The funds will be dedicated to expanding our innovative battery swapping technology, a solution designed to alleviate the common obstacles faced by electric vehicle users, such as long charging times, range anxiety, and high upfront battery costs. Our state-of-the-art Smart Batteries combined with a vast network of IoT-enabled Swap Points provide a reliable and rapid alternative to traditional charging methods, ensuring that sustainable mobility is not only within reach but also highly scalable. With collaborations bridging key industry sectors—from vehicle manufacturers to cutting-edge battery cell technology providers, as well as partnerships with fleet operators and last-mile transport players—we are well-positioned to dominate the EV revolution. The raised capital will empower us to further develop our universal, future-proof battery subscription model, build out our infrastructure, and expand our services across new regions. Ultimately, this funding round is set to accelerate the global transition towards a clean, green, and sustainable future by making electric vehicle ownership a more practical and appealing choice for consumers and businesses alike.