IndoFast Energy is a newly formed 50:50 joint venture between India’s largest energy retailer, IndianOil, and the nation’s leader in Battery Swapping for electric vehicles, SUN Mobility. Headquartered in Bangalore, IndoFast Energy is a significant step towards making electric vehicle adoption more mainstream and convenient for millions. 

With a vision to serve over a million customers, the joint venture expects to invest over a billion dollars over 3 years and scale up to over 10,000 battery swapping stations across 50+ cities. The joint venture will enable seamless adoption of electric mobility across 2W, 3W and small 4W vehicles, by providing a convenient ‘Battery as a Service’ (BaaS) mobility solution. Leveraging IOCL’s extensive network of 37,000 fuel stations, the battery swapping solutions will become even more accessible, affordable and practical for users across the country.

Electric Vehicles

Energy

Renewable Energy

IndoFast Energy

IndoFast Energy's headquarters in Bangalore, India

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People (2)

Anant Badjatya

Amit Rao

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