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SUN Mobility Secures $135 Million to Launch Africa’s Largest Battery Swap Network

Helios Climate, the Private Infrastructure Development Group lead the round to deploy SUN Mobility’s modular swap stations across Africa, lowering electric vehicle costs for urban fleets.

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This Project Could Create The Largest Battery-Swapping Network In Africa: News

Overview

  • SUN Mobility finalized a $135 million funding round led by Helios Climate and the Private Infrastructure Development Group to finance its Africa network rollout.
  • The company aims to build Africa’s largest EV battery swapping network, extending its proven modular platform beyond India’s 900 active stations.
  • In India, SUN Mobility powers a fleet of 50,000 two- to four-wheeled vehicles and executes an average of 1.4 million battery swaps each month.
  • By decoupling battery ownership from vehicles, the platform cuts upfront EV costs and removes a key barrier for fleet electrification.
  • Strategic backers including IOCL, Vitol and Bosch will support supply chain resilience and technical deployment for the company’s global expansion.