IndoFast Energy
Amit Rao is currently serving as Vice President & Head of Operations & Strategy at IndoFast Energy, leading the transition from SUN Mobility into a Joint Venture with Indian Oil Corp since September 2024. Previously, Amit held the position of Head & VP of Business Strategy, Planning & Marketing at SUN Mobility, where responsibilities included overseeing business strategy and brand marketing functions. With experience at InVideo as VP of Strategy & Operations, Tata Strategic Management Group as Engagement Manager, and Strategy& as Senior Associate, Amit has developed a strong background in operations, strategy, and management consulting across various sectors. Educational qualifications include an MBA from the Indian Institute of Management Bangalore and a Bachelor's Degree in Mechanical Engineering from the National Institute of Technology Karnataka.
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IndoFast Energy
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.