IndoFast Energy
Anant Badjatya currently serves as the Chief Executive Officer of IndoFast Energy, a joint venture focused on battery swapping, since September 2024. Prior to this role, Anant was the Chief Executive Officer of SUN Mobility from January 2022 to October 2024, leading initiatives in battery swapping technology. Anant's extensive experience includes positions such as Group CEO at Stallion Group and ANC Holdings LLC, and various leadership roles at ArcelorMittal, culminating in the CEO position for multiple regional subsidiaries from 2008 to 2016. Anant began a career in technology at Patni Computer Systems as a Senior Software Engineer before pursuing advanced education, achieving an MBA at INSEAD and a Bachelor’s degree in Metallurgy from the National Institute of Technology Durgapur.
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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.