SUN Mobility introduces a battery-swapping network in Kenya, supporting electric two- and three-wheelers from over ten manufacturers. The network starts with 35 stations and aims to expand across Africa in partnership with Vivo Energy. The system targets improved accessibility and convenience for EV users in the region.
Africa Helios Climate and InfraCo Asia lead a **$60 million investment** into **SUN Mobility**, expanding its operations across **India, Kenya, and Southeast Asia**. The funding will support the company’s growth in its existing markets, including key African and Asian regions. SUN Mobility specializes in electric vehicle (EV) charging infrastructure, aiming to accelerate adoption in emerging economies.
Sun Mobility plans to increase its investment to **USD 1 billion** over the next three years. The company secures an additional **USD 220 million** in equity from Indian Oil Corporation (IOC) for their joint venture, while also contributing its assets and further equity/debt funding. The expansion follows a strategic partnership with IOC to strengthen its operations.
SUN Mobility partners with IndianOil to build a large-scale battery swapping network for electric vehicles by 2030. The collaboration aims to deploy one of the world’s largest EV battery-swapping infrastructures. Both companies will jointly establish the network, leveraging IndianOil’s energy expertise and SUN Mobility’s EV infrastructure experience.
