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Indofast Swap Energy (Indofast Energy): Powering the Future of Green Mobility

In the age of climate urgency, rapid urbanization, and rising energy demands, the global automotive industry stands at the threshold of a major transformation. At the heart of this evolution is Indofast Swap Energy (Indofast Energy), a visionary joint venture between Indian Oil Corporation Limited (IOCL)—India’s flagship energy PSU—and SUN Mobility, a global leader in electric mobility technology., Indofast Energy is a pioneering force in the field of battery swapping for electric vehicles (EVs). With a clear mission to make EV adoption affordable, accessible, and reliable, Indofast Energy aims to redefine the way India powers its vehicles—by making EV charging as convenient as refueling.

Our Vision: Green Mobility for All

At Indofast Energy, we believe the future of mobility must be clean, connected, and inclusive. Our vision, Green Mobility for All, reflects a deep commitment to sustainability, equity, and national progress. We aim to Green mobility, to us, is not a luxury or a trend. It is a necessity, a responsibility, and an opportunity to transform how India commutes, transports goods, and fuels growth.

Our Mission: Leading India’s Battery-Swapping Revolution

We are driven by a singular mission To make battery swapping the first choice for mobility by making it affordable, accessible, and reliable. This mission fuels every project we initiate, every partnership we cultivate, and every innovation we bring to market. Our focus on battery swapping stems from its unique advantages By building a robust battery-swapping network, Indofast Energy is laying the foundation for a nationwide clean mobility revolution.

A Powerful Partnership: IOCL × SUN Mobility

Indofast Energy is a strategic joint venture that combines the institutional muscle and distribution scale of IOCL with the technological brilliance of SUN Mobility.

Indian Oil Corporation Limited (IOCL)

India’s largest government-owned energy corporation 38,000+ fuel stations across the country Extensive logistics, retail, and infrastructure capabilities Proven excellence in energy distribution, safety, and compliance

SUN Mobility

A global pioneer in battery swapping and modular EV energy solutions Known for its cutting-edge Smart Battery and Quick Interchange Station™ technology Deep expertise in connected systems, IoT-enabled energy management, and renewable integration Together, this synergy creates a unique value proposition: unmatched reach meets world-class innovation, paving the way for rapid and reliable EV adoption across India.

What We Offer: The Indofast Energy Ecosystem

Indofast Energy is building an integrated energy ecosystem centered around battery swapping. Our comprehensive offerings include:

Swap Stations

Deployed across IOCL fuel stations and other high-traffic zones, our automated battery swap stations enable users to exchange depleted batteries for fully charged ones in under 2 minutes. These stations are

Digital App & Platform

Users access Indofast’s services via a mobile app that offers Station location and availability Battery swap history and wallet integration Subscription management and usage insights Real-time customer support

Energy as a Service (EaaS)

Indofast Energy follows a subscription-based EaaS model, enabling users to pay only for the energy they use rather than purchasing batteries. This drastically reduces the initial cost of EV ownership and supports sustainable usage.

Infrastructure Expansion: National Scale with Local Impact

With IOCL’s vast footprint and SUN Mobility’s rapid-deployment technologies, Indofast Energy is uniquely positioned to scale nationwide. Our strategy includes Leveraging IOCL’s 38,000+ outlets as swap station locations Creating hubs in urban areas and nodes in semi-urban and rural belts Integrating with e-commerce, logistics, and public transport sectors Supporting government and municipal EV programs This allows us to bring battery swapping within 1 km of every EV user, drastically increasing convenience and adoption.

Key Focus Segments

While Indofast Energy’s long-term vision includes solutions for all types of electric vehicles, our initial focus is on the segments with the highest adoption potential and urban mobility relevance:

Electric Two-Wheelers (E2W)

Used by commuters, delivery personnel, and small businesses, E2Ws are ideal for battery swapping. Our compact batteries and lightweight swaps are tailored for this segment.

Electric Three-Wheelers (E3W)

Including passenger autorickshaws and cargo vehicles, these form the backbone of urban last-mile mobility. Battery swapping offers cost and time advantages over fixed battery models.

Fleet Operators and Last-Mile Delivery

We offer fleet solutions to logistics providers, ride-hailing platforms, and hyperlocal services—delivering energy at scale while reducing operational downtime.

Technology: Designed for Reliability and Scale

Innovation is central to everything we do. Our swap system is built on cutting-edge technologies that ensure All these features contribute to a network that is scalable, efficient, and secure—ready to power millions of EVs across India.

Sustainability Impact

At Indofast Energy, green mobility isn’t just a business—it’s a commitment to environmental and social stewardship. Our battery swapping solutions contribute to We align closely with India’s EV2030 goals and Net Zero Carbon Emission by 2070 vision, supporting climate action through technology and infrastructure.

User Benefits: Convenience, Cost, and Confidence

We put our users at the center of the experience. Key benefits include These advantages make battery swapping not just an alternative—but the preferred choice for EV users.

Strategic Collaborations & Policy Alignment

Indofast Energy works in close alignment with national and state governments, NITI Aayog, EV policy frameworks, and regulatory bodies. Our approach includes Participating in policy dialogues and pilots Aligning with FAME-II, PLI, and state EV policies Working with OEMs for vehicle-battery integration Offering input into battery standardization discussions We are also developing training and skilling programs to empower mechanics, swap operators, and technical staff across the country.

Future Outlook: Driving India’s Energy Transition

Indofast Energy is at the forefront of a tectonic shift in how India powers its vehicles. Our roadmap includes Expanding to 10,000+ swap stations in the next 5 years Introducing high-capacity battery solutions for 4W and buses Collaborating with OEMs and state transport authorities Launching smart-grid integrated stations with renewable energy Exploring global expansion opportunities in emerging EV markets As we scale, our mission remains unchanged: making battery swapping the most trusted, efficient, and sustainable choice for all segments of mobility. Indofast Swap Energy is not merely a joint venture between IOCL and SUN Mobility—it is a visionary movement toward equitable, scalable, and green transportation. With unmatched infrastructure, cutting-edge technology, and a user-first approach, Indofast Energy is setting a new benchmark for EV energy solutions in India.