Archive · 30 Jul 2025
SUN Mobility Raises $60 Million for EV Network Expansion
Imagine a company that lets electric vehicle owners quickly swap out their batteries at special stations, like changing a soda bottle.
SUN Mobility, the company, just got $60 million to build more of these stations.
The money will help them open stations in Africa and Southeast Asia, in addition to India.
These stations are popular in India and will now be used in other places to help more people easily use electric vehicles.
This should make it easier to drive electric vehicles and reduce pollution.
They have already helped many people swap their batteries.
SUN Mobility secured $60 million in investments to expand its EV battery swapping network.
Helios Climate and InfraCo Asia led the investment round.
Funds will support expansion into Africa and Southeast Asia, starting with Kenya and the Philippines.
SUN Mobility currently operates over 900 battery swapping stations, serving 50,000+ vehicles.
The company's strategic investors include IOCL, Vitol, and Bosch.
- Who
- SUN Mobility, Helios Climate, InfraCo Asia, IOCL, Vitol, and Bosch
- What
- SUN Mobility raised $60 million to expand its EV battery swapping network.
- When
- Published on July 30, 2025
- Where
- Expansion into Africa (Kenya) and Southeast Asia (Philippines), and further growth in India
- Why
- To expand the battery swapping network for electric vehicles in emerging markets, promoting clean mobility.
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- Investment Amount
- $60 million
- Investors
- Helios Climate, InfraCo Asia
- Existing Swapping Stations
- Over 900
- Vehicles Powered
- Over 50,000
- Strategic Investors
- IOCL, Vitol, Bosch
- Expansion Regions
- Africa, Southeast Asia