Indofast Energy

About Indofast Energy

Indofast Energy is a transformative joint venture between IndianOil, India’s largest energy retailer, and SUN Mobility, the nation’s leader in EV battery swapping. From our headquarters in Bangalore, we are reshaping the electric mobility landscape by delivering a reliable and scalable Battery-as-a-Service (BaaS) solution. Our mission is to make electric vehicle (EV) adoption mainstream, accessible, and affordable for millions of Indians. Backed by a planned investment of over $1 billion over the next 3 years, IndoFast Energy aims to deploy 10,000+ battery swapping stations across 50+ cities, empowering seamless EV adoption across 2-wheelers, 3-wheelers, and small 4-wheelers. By integrating our solutions with IndianOil’s 37,000+ fuel station network, we are enabling the nation’s largest battery swapping infrastructure, accelerating India’s transition to clean, connected mobility.