Indian Oil and Sun Mobility formed a joint venture.

Indian Oil, the state backed energy company, and Sun Mobility, an electric vehicle energy services company, formed a joint venture. Financial terms were not disclosed. This strategic joint venture brings together the might of IndianOil's network of over 37,000 fuel stations across the country, with SUN Mobility's unparalleled battery swapping technology making it as accessible as conventional fuel stations. It will thus streamline the customer's EV experience by conveniently offering Battery as a Service (BaaS) nation-wide and alleviate worries of battery cost, maintenance, replacement, and charging time.