Helios Investment Partners and PIDG completed the investment in SUN Mobility.

Helios Investment Partners, a private equity investment firm, and PIDG, an infrastructure investment firm, completed the investment in SUN Mobility, an Indian energy infrastructure and services company, with participation from IOCL, Vitol and Bosch. Financial terms were not disclosed. "We have built a modular, fast, and scalable battery swapping ecosystem that adapts to real-world mobility needs. With over 1.4m monthly swaps in India and growing global interest, we are excited to extend our proven model to emerging markets like Africa. The region’s rapid urbanization, reliance on two and three-wheelers, and need for robust HEV solutions position it perfectly to leapfrog into clean mobility," Chetan Maini, SUN Mobility Co-Founder and Chairman.