Helios Backs SUN Mobility to Expand EV Network in Africa

In an effort to increase the usage of electric vehicles and lower emissions, Helios Climate has invested $60 million in SUN Mobility to establish the largest battery swapping network in Africa. This action helps SUN Mobility expand throughout Africa and Southeast Asia in addition to India. Helios Climate made a significant $60 million investment in SUN Mobility in collaboration with Infraco Asia.

This money is a portion of $135 million that was recently raised to expand SUN Mobility's cutting-edge battery switching technologies. SUN Mobility plans to extend its renewable energy infrastructure throughout Africa and Southeast Asia, including the Philippines, beginning with Kenya.

SUN Mobility was established in 2017 and now runs more than 900 battery switching stations that supply electricity to over 50,000 cars. Its open-architecture battery technology is trusted by partners including IOCL, Vitol, and Bosch and suits a variety of electric vehicles, from heavy electric vehicles to two-wheelers. According to SUN Mobility co-founder Chetan Maini,“With over 1.4 million monthly swaps in India and growing global interest, we’re excited to extend our proven model to emerging markets like Africa.”

By separating battery ownership from automobiles, SUN Mobility's technology reduces the initial cost of electric vehicles and makes clean mobility accessible to governments and fleet operators. About 5% of Africa's CO2 emissions come from two- and three-wheelers, and by 2030, the market is predicted to reach almost 2 million vehicles yearly. By encouraging the broad use of electric vehicles, this investment will help reduce emissions and enhance the quality of the air.

Also Read: DPIIT and Ather Energy Partner to Boost EV Manufacturing in India

Tavraj Banga, Partner & Co-Head, Helios Climate, said, “We’re proud to support SUN Mobility’s entry into Africa to deliver scalable, affordable, and climate-resilient mobility solutions on the continent.”