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Early VC

$50.0m

Early VC
Total Funding€45.5m

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SUN Mobility is an innovative startup operating in the clean energy sector, specifically focusing on electric vehicle (EV) technology. The company offers a unique battery swapping solution, which is designed to overcome the challenges of EV charging infrastructure and battery life. This solution is particularly beneficial for shared mobility services, such as ride-hailing and ride-sharing platforms, public transportation, and delivery services.

Operating in the global market, SUN Mobility has gained recognition for its cutting-edge solutions in clean mobility. It is the only Indian company to make it to the Global CleanTech 100 list in 2021, and it finished in the top 5 at the Entrepreneurship World Cup in 2019. These accolades demonstrate the company's commitment to innovation and its potential for significant impact in the clean energy sector.

SUN Mobility's business model revolves around its battery swapping technology. Instead of waiting for an EV to charge, users can simply swap their depleted battery for a fully charged one at a swapping station. This not only saves time but also reduces the need for extensive charging infrastructure. The company generates revenue by selling these battery swapping services to shared mobility providers and other commercial vehicle operators.

In summary, SUN Mobility is a pioneering clean energy startup offering a practical and innovative solution to some of the key challenges facing the EV market. Its battery swapping technology has the potential to revolutionize the way we think about EV charging and could play a significant role in accelerating the adoption of EVs worldwide.

Keywords: Clean Energy, Electric Vehicles, Battery Swapping, Shared Mobility, Charging Infrastructure, Global Market, Innovation, Technology, Commercial Vehicles, Revenue Generation.

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