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Indofast Energy, a joint venture between Indian Oil Corporation and Sun Mobility, has partnered with Motovolt Mobility to integrate battery-swapping technology into Motovolt’s MVS7 electric scooter. The collaboration seeks to tackle key challenges in India’s EV sector, including high upfront costs and inadequate charging infrastructure.
The MVS7 is a multi-utility electric scooter designed for both personal and commercial use. It offers a top speed of 50 km/h, a range of 80–85 km per charge, and features a 2.5 kW peak power motor generating 120 Nm of torque. The vehicle includes 150 liters of storage capacity, a 150 kg payload limit, and comes with five riding modes.
Under the partnership, customers can buy the MVS7 excluding the battery cost, thanks to Indofast’s Battery-as-a-Service (BaaS) model. This approach significantly reduces the vehicle’s upfront cost. Users can simply swap depleted batteries at Indofast’s battery-swapping stations, eliminating the need for time-consuming charging and minimizing vehicle downtime.
Rajat Malhan, Senior Vice President at Indofast Energy, said the partnership addresses core EV adoption issues such as range anxiety and infrastructure limitations. Tushar Choudhary, Founder and CEO of Motovolt Mobility, emphasized the alignment with their mission to provide utility-focused EV solutions.
The companies aim to sell 20,000 units in the B2B segment and 5,000 units to individual consumers over the next 12 months. To support this goal, Motovolt plans to expand its dealership network in Delhi-NCR, Bengaluru, Hyderabad, and Chennai.
Indofast Energy currently operates 900+ battery-swapping stations across 23+ cities, processing over 1 million swaps monthly. The company, a 50:50 joint venture between Indian Oil and Sun Mobility, is focused on building battery-swapping infrastructure for two-wheelers, three-wheelers, and small four-wheelers.
Founded in 2019 and headquartered in Kolkata, Motovolt Mobility has delivered over 32,000 vehicles to date. Its fleet has collectively traveled more than 65 million kilometers, resulting in fuel savings of 1.7 million liters and a reduction of 3.71 million kilograms in carbon emissions.
Battery-swapping presents a viable alternative to traditional EV charging by allowing users to exchange depleted batteries for charged ones in minutes, offering a practical solution for urban mobility needs.
