Bosch has acquired a 26% stake in SUN Mobility. The companies will work jointly on Electric Vehicles and tap new opportunities in this emerging domain.
Bosch is one of the leading suppliers of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has, in India, the largest development center outside Germany, for end to end engineering and technology solutions.
SUN Mobility is working to create a universal network of interoperable energy infrastructure to accelerate mass adoption of electric mobility. The approach of separating batteries from vehicle through the quick battery swapping model addresses the key issues facing electric vehicles – high upfront cost, range anxiety and long charging time.
SUN Mobility has collaborated with vehicle manufacturers, battery cell technology providers, fleet operators/aggregators, oil marketing companies and cities across the ecosystem to enable quicker adoption of its solution and thereby accelerating mass EV transition.
The companies such as Ashok Leyland Ltd, Piaggio Vehicles Pvt Ltd, Uber India are some of its partners. Earlier in June, this year, it has entered into a partnership with Indian Oil Corporation Ltd (IOCL) to set up battery swapping stations at fuel pumps.
The coming together of both the companies will have positive impact on the EV ecosystem in the country as well as help the companies to consolidate their position.
