IndoFast Energy
Rajat Malhan is an experienced executive currently serving as Senior Vice President at Indofast Energy since October 2024. Previously, Rajat held the position of Senior Vice President and Head of Micro Mobility and Infrastructure at SUN Mobility from April 2021 to August 2023. Additionally, Rajat worked as Vice President at SUN Group, focusing on solar power investments, from September 2015 to August 2023. Earlier in the career, Rajat served as General Manager at Moser Baer Projects Ltd from March 2013 to September 2015 and began with SUN Group as an Associate from May 2007 to March 2013. Rajat holds a degree from ICFAI Hyderabad, earned between January 2002 and January 2004.
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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.