SUN Mobility

Bengaluru, India Founded: 2017 • Age: 9 yrs
Online platform for battery swapping solutions

About SUN Mobility

SUN Mobility is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2017 by Ajay Goel, Uday Khemka, and Chetan Maini. Online platform for battery swapping solutions. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. SUN Mobility has raised $128.3 million across 5 funding rounds from investors including Bosch, cKers Finance and Vitol. The company has 473 employees. Its chief executive, as recorded, is Ajay Goel. Its website sunmobility.com draws about 11 thousand monthly visits. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Station Network. Its competitors include Battery Smart, Esmito and Batterypool; 3 of its 3 listed competitors have raised funding.

Company details

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.

  • Headquarters Bengaluru, India
  • Employees 473
  • Founders Ajay Goel, Uday Khemka, Chetan Maini
  • Sectors
    Transportation, Automotive & Logistics
    Energy & Utilities
  • Website category Vehicles · Motorcycles
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website sunmobility.com
  • Social LinkedIn X Facebook
Key Metrics
  • Annual Revenue
    $11.48 M (USD)
    160
    as on Mar 31, 2024
  • Net Profit
    -$35.34 M (USD)
    -23
    as on Mar 31, 2024
  • EBITDA
    -$27.78 M (USD)
    1
    as on Mar 31, 2024
  • Total Equity Funding
    $128.3M (USD)

    in 5 rounds

  • Investors
    Bosch

    & 4 more

  • Employee Count
    473

Funding Insights of SUN Mobility

SUN Mobility has successfully raised a total of $128.3M across 5 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 $128.3M
  • Total Rounds 5
  • Investors Count 5

All 5 funding rounds of SUN Mobility with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2025Series B––
Jun 2024$78.3MSeries B––
Feb 2022Debt – Conventional––
Oct 2021$50MSeries C––
Sep 2020Series A–Bosch
–
Valuation history

5 investors in total: 5 institutional.

Investors in SUN Mobility

SUN Mobility has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Bosch, cKers Finance and Vitol.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Private equity investments are managed across multiple sectors by Helios.
2004heliosinvestment.comLondon, United Kingdom
Oil processing, storage, and shipping services are provided globally.
1966vitol.comLondon, United Kingdom
Mobility solutions, home appliances, and industrial products are provided globally.
1886bosch.comGerlingen, Germany
Debt financing is provided to climate and sustainable energy startups.
2017ckersfinance.inDelhi, India
iocl.com
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Investor details for SUN Mobility

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Board of directors of SUN Mobility

The boards of the 2 registered companies of SUN Mobility currently have 7 directors; the longest-serving is Uday Harsh Khemka, appointed in 2017. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Uday Harsh Khemka
DIN 00323609
Director17 Apr 20179 yrs 6 moSun Mobility Private Limited
Sandeep Kumar Maini
DIN 01568787
Director20 Apr 20179 yrs 6 moSun Mobility Private Limited
Chetan Kumar Maini
DIN 01612229
Director26 Dec 20196 yrs 10 moSun Mobility Ev Infra Private Limited, Sun Mobility Private Limited
Ajay Kumar Goel
DIN 06486418
Director26 Dec 20196 yrs 10 moSun Mobility Ev Infra Private Limited, Sun Mobility Private Limited
Guruprasad Mudlapur
DIN 07598798
Director24 Nov 20205 yrs 11 moSun Mobility Private Limited
Jo Ming Cheung Joel
DIN 09476270
Director27 Sep 20224 yrs 1 moSun Mobility Ev Infra Private Limited, Sun Mobility Private Limited
Mathew Varghese
DIN 11280038
Director24 Sep 20251 yr 1 moSun Mobility Private Limited

People of SUN Mobility

3 people are tracked at SUN Mobility (3 in leadership); the tracked headcount is 473.

NameRoleGroup
Co-Founder & CEOLeadership
Co-Founder & Vice ChairmanLeadership
Co-Founder & ChairmanLeadership
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Complete people profiles for SUN Mobility

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Financials of SUN Mobility

Figures of Sun Mobility Ev Infra Private Limited, the primary company behind SUN Mobility, for FY 2026. Revenue was ₹4.53 Cr (-84% year on year). Net loss was -₹18.48 Cr (-4048% margin). EBITDA was -₹16.93 Cr (-3708% margin). Revenue has grown at a compounded annual rate of -11% over three years and +50% over five years.

  • ₹4.53 CrRevenue · FY 2026 · -84% YoY
  • -₹18.48 CrNet loss · -4048% margin
  • -₹16.93 CrEBITDA · -3708% margin
  • ₹150 CrPaid-up capital
  • 2Employees (provident fund records)
  • -11%Revenue CAGR, 3 years
  • +50%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Sun Mobility Ev Infra Private Limited are on its company page.

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Detailed financial statements for SUN Mobility

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  • Downloads

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Timeline of SUN Mobility

3 dated milestones of SUN Mobility across 8 years, from founding to its latest funding, stage changes and deals.

  1. Founded SUN Mobility is founded.
  2. Funding First funding round.
  3. Funding Latest funding round, Series B,.

Competitors of SUN Mobility

SUN Mobility has 3 listed competitors in our database, 3 of them funded. They include Battery Smart, Esmito and Batterypool.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
batterysmart.in2019Gurugram, India$180.36M482
Provider of EV battery-swapping network
esmito.com2018Chennai, India$1.39M31
Saas & IoT enabled battery management products and solutions for electric vehicles
batterypool.com2018Pune, India$1.77M15
Battery rental and swapping services for electric vehicles are offered.
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Detailed competitors of SUN Mobility

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Web traffic of SUN Mobility

The website of SUN Mobility (sunmobility.com) receives about 10.9K visits a month and ranks #4,100,995 among all websites worldwide, #8,096 in Motorcycles.

  • Monthly visits
    10.9K

    ▲ 123.9% vs previous month

  • Unique visitors
    1.9K

    per month

  • Global rank
    #4,100,995

    among all websites

  • Category rank
    #8,096

    Vehicles · Motorcycles

Similar websites

Websites whose visitors overlap most with SUN Mobility. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
premiertrucksales.com
premiertrucksales.com
100%
#2,169,740–
evreporter.com
86%
83.3K#355,089View details
voltup.in
44%
2.5K#6,526,458View details

Top companies in Electric & Green Mobility

3 companies that operate in the same segment as SUN Mobility (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electric ride-hailing and cab services are provided via mobile app.
2019Mumbai, Maharashtra, IndiaUSD 168.52 M
Shared electric two-wheelers are rented via an online platform.
2017Bengaluru, Karnataka, IndiaUSD 187.54 MUSD 37.93 M401
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories
2013Bengaluru, Karnataka, IndiaUSD 502.02 MUSD 407.47 M1,917
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Related news about Sun Mobility

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Complete news archive for SUN Mobility

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Frequently Asked Questions about SUN Mobility

SUN Mobility was founded in 2017 and raised its 1st funding round 3 years after it was founded.

SUN Mobility is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Ajay Goel is the CEO of SUN Mobility, as recorded in our data. They have also founded this company.

SUN Mobility is a funded company, having raised a total of $128.3M across 5 funding rounds to date.

SUN Mobility has 473 employees.

Annual revenue of SUN Mobility is $11.48M as on Mar 31, 2024.

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.

SUN Mobility's top competitors include Battery Smart, Batterypool and Esmito.

SUN Mobility has 5 investors. Key investors include Bosch, cKers Finance, Vitol, Helios Investment Partners, and Indian Oil.

SUN Mobility is associated with 2 legal entities: Sun Mobility Ev Infra Private Limited, Sun Mobility Private Limited.

The legal entities of SUN Mobility currently have 10 directors, including Chetan Kumar Maini, Padmasri Samaleti, Jo Ming Cheung Joel and others.

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