The latest partnership will reinforce SUN Mobility’s mission of addressing the critical challenges facing the mass adoption of EVs by providing access to world-class technology resources and offer synergies to help scale its network.
Leading technology and mobility service provider Bosch has picked up 26 percent stake in SUN Mobility through its investment vehicle Robert Bosch Investment Nederland B.V. With this new partnership, both the companies intend to work on critical areas of interoperable energy infrastructure to accelerate mass adoption of electric mobility in the country. Bosch’s global exposure with regard to key areas of future mobility is expected to bring in more synergies to the Indian startup’s plans and vision.
Established in 2017, SUN Mobility is a joint venture between Maini Group and SUN Group. This partnership brings in synergies of the Maini Group which is a diversified engineering powerhouse providing solutions for intra-campus electric mobility, material handling, aerospace and automotive precision products and the SUN Group which has global investments in the range of sectors such as energy (oil and gas), mining, renewable energy and new energy storage applications.
“Bosch engagement with SUN Mobility complements our shared vision towards growth of Electromobility. At Bosch we firmly believe that the diverse powertrain technologies will continue to coexist. A mix of combustion engines and electrification will be needed for a highly efficient mobility ecosystem”
Soumitra Bhattacharya, President of Bosch Group in India
The company’s vision is to create a universal network of interoperable energy infrastructure to accelerate mass adoption of electric mobility. The approach of separating batteries from vehicle through the quick battery swapping model addresses the key issues facing electric vehicles – high upfront cost, range anxiety and long charging time. The revolutionary digitally enabled ‘Pay-as-you-go’ system for battery usage offers extremely convenient way to refuel EVs, thus fostering adoption.
In a short period of time since its inception, SUN Mobility has not only deployed a market-leading energy infrastructure platform but has also formed a formidable set of partnerships with the likes of Ashok Leyland, SmartE, Uber, Piaggio, and more recently, Indian Oil Corporation Limited. The company remains committed to building an open ecosystem through collaborations and partnerships with OEMs, mobility solution providers and cities.
“This investment is a significant milestone for us at SUN Mobility and will enable us to focus on continued innovation, accelerate our growth in India, and start to make in-roads at a global level. Our unique partnership with Bosch will reinforce our mission of addressing the critical challenges facing the mass adoption of EVs by providing access to world-class technology resources and offer synergies to help scale our network”
Chetan Maini, Co-Founder and Vice-Chairman, SUN Mobility
