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Sun Mobility Raises $50 Million From Vitol

Sun Mobility Raises $50 Million From Vitol

10/20/21, 6:51 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgdelhi
Money raised
$50 million
New Delhi: Electric vehicle energy infrastructure firm Sun Mobility on Wednesday said it has closed a $50 million (nearly Rs 370 crore) funding by Vitol, a global independent energy trader and investor in zero-emission and renewable energy assets. This strategic investment by Vitol will enable significant acceleration and expansion of Sun Mobility's services across India and select global markets, the company said in a statement.

Company Info

Company
Sun Mobility
Location
delhi, delhi, india
Additional Info
This strategic investment by Vitol will enable significant acceleration and expansion of Sun Mobility's services across India and select global markets, the company said in a statement. The company further said it is planning to expand its footprint to all major cities by increasing the number of swap points (battery swapping stations), partnering with various OEMs, collaborating with various fleet operators and distributors to introduce newer business models and adding more vehicles to its ever-expanding mobility as a service (MaaS) offering. Electric vehicle energy infrastructure firm Sun Mobility on Wednesday said it has closed a $50 million (nearly Rs 370 crore) funding by Vitol, a global independent energy trader and investor in zero-emission and renewable energy assets.