About SUN Mobility
SUN Mobility is a company based in Bengaluru (India) founded in 2017 by Ajay Goel, Uday Khemka, and Chetan Maini.. SUN Mobility has raised $50 million across 4 funding rounds from investors including Bosch, cKers Finance and Vitol. The company has 473 employees as of May 31, 2025. SUN Mobility operates in a competitive market with competitors including Battery Smart, Esmito, Batterypool, Swapp Design and Mooving, among others.
- Headquarter Bengaluru, India
- Employees 473 as on 31 May, 2025
- Founders Ajay Goel, Uday Khemka, Chetan Maini
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$11.48 M160as on Mar 31, 2024
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Net Profit
$-35.34 M-23as on Mar 31, 2024
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EBITDA
$-27.78 M1as on Mar 31, 2024
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Total Equity Funding
$50 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Bosch
& 3 more
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Employee Count
473
as on May 31, 2025
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Funding Insights of SUN Mobility
SUN Mobility has successfully raised a total of $50M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series B - SUN Mobility | Valuation |
investors |
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| Feb, 2022 | Amount | Debt – Conventional - SUN Mobility | Valuation |
investors |
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| Oct, 2021 | Amount | Series C - SUN Mobility | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SUN Mobility
SUN Mobility has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Bosch, cKers Finance and Vitol. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are managed across multiple sectors by Helios.
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Founded Year | Domain | Location | |
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Oil processing, storage, and shipping services are provided globally.
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Founded Year | Domain | Location | |
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Mobility solutions, home appliances, and industrial products are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SUN Mobility
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SUN Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sun Mobility Comparisons
Competitors of SUN Mobility
SUN Mobility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Battery Smart, Esmito, Batterypool, Swapp Design and Mooving, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of EV battery-swapping network
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| domain | founded_year | HQ Location |
Saas & IoT enabled battery management products and solutions for electric vehicles
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| domain | founded_year | HQ Location |
Battery rental and swapping services for electric vehicles are offered.
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| domain | founded_year | HQ Location |
Battery swapping solutions for EV charging station operators
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| domain | founded_year | HQ Location |
Battery swapping solutions are provided for electric vehicles in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sun Mobility
Frequently Asked Questions about SUN Mobility
When was SUN Mobility founded?
SUN Mobility was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is SUN Mobility located?
SUN Mobility is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of SUN Mobility?
Ajay Goel is the current CEO of SUN Mobility. They have also founded this company.
Is SUN Mobility a funded company?
SUN Mobility is a funded company, having raised a total of $50M across 4 funding rounds to date. The company's 1st funding round was a Series C of $50M, raised on Sep 04, 2020.
How many employees does SUN Mobility have?
As of May 31, 2025, the latest employee count at SUN Mobility is 473.
What is the annual revenue of SUN Mobility?
Annual revenue of SUN Mobility is $11.48M as on Mar 31, 2024.
What does SUN Mobility do?
Founded in 2017 and based in Bengaluru, India, SUN Mobility operates in the electric vehicle sector. Universal energy infrastructure and services are delivered to support mass EV adoption. Battery ownership is separated from vehicles through an energy-as-a-service model. Smart batteries and quick interchange stations are deployed for two-wheelers and heavy commercial vehicles. Operations focus on scalable solutions to address costs and range limitations.
Who are the top competitors of SUN Mobility?
SUN Mobility's top competitors include Battery Smart, Batterypool and Esmito.
Who are SUN Mobility's investors?
SUN Mobility has 4 investors. Key investors include Bosch, cKers Finance, Vitol, and Helios Investment Partners.
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