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.