Amid the Indian government's efforts to encourage battery swapping systems to help electric vehicle (EV) adoption, Sun Mobility, a major BaaS provider in India, is actively forming alliances to expand its battery-swapping network.
ET Auto and Autocar Professional reported that Sun Mobility and Greave Electric Mobility (GEM) signed an MoU. GEM will adopt Sun Mobility's Quick Interchange Station network, spreading across 14 cities in India, in its electric two- and three-wheeler products.
Ram Rajappa, CTO of GEM, said that the partnership with Sun Mobility would address key issues such as the range anxiety and provide an uninterrupted journey for users.
According to Autocar Professional, Anant Badjatya, CEO of Sun Mobility, said that both companies aim to propel the common goal to accelerate the demand and adoption of EVs in India.
Sun Mobility is one of the largest BaaS players operating in India and is expanding alliances for its battery-swapping network. In late April, Japan-based electric three-wheeler manufacturer Terra Motors decided to adopt Sun Mobility's swappable batteries in its previously-launched electric three-wheelers and yet-to-be-launched electric two-wheelers in India.
In contrast, although other players such as Honda and Gogoro have decided to invest in India, their battery swap networks have not yet been launched.
Battery swapping is viewed as a viable alternative to rechargeable vehicles to encourage EV adoption. While Gogoro owns the world's largest swapping network, Chinese companies such as CATL, NIO, and Xpeng are developing their battery swapping solutions.
In February, India's finance ministry announced the government would be introducing a battery swapping policy and interoperability standards to improve efficiency in the EV ecosystem.
In April, the Indian official think tank NITI Aayog released a draft policy on battery swapping, in which India may require BaaS operators to remain open to third-party players and sign battery-related data-sharing agreements.