IndoFast Energy Scales Battery Swapping Across 23 Cities

Indofast Energy, which is a joint venture created through the cooperation of SUN Mobility and Indian Oil Corporation (IOCL), recently announced that they have made a substantial advance in the area of battery-swapping stations for electric vehicles with 1,600 battery-swapping stations now operating across 23 cities in order to facilitate the rapid transition from internal combustion to electric vehicles.

IndoFast continues to grow rapidly with ambitious growth plans for FY27, including rolling out an estimated 3,500 locations and supporting over 2 million electric vehicles. The EV industry is moving to lower costs for EVs through introducing BaaS, which will enable IndoFast to increase its network footprint and establish a strong foothold as the primary source for battery swapping across India’s 2W and 3W industries.

Leading the Battery-as-a-service” Revolution

The successful placement of swapping stations at busy transit hubs is a primary reason for this development’s success. Organizations collaborating with Indian Railways and the Mumbai Metro obtained live data from the stations opened at several major commuter terminals to reduce the distance traveled during a swap trip. BESCOM has extended its grid support in Bengaluru, thus ensuring good uptime for commercial fleets in that area. Finally, Nexus Select Malls has provided a connection to retail areas for the convenience of customers.

“FY26 has been a defining year for IndoFast Energy,” stated Anant Badjatya, CEO. “We have transitioned from proving the model in metros to establishing a presence in Tier II and III markets.”

The company isn’t slowing down. IndoFast has set an aggressive target for FY27, aiming to deploy 3,500 stations and support a massive fleet of 2.32 lakh electric vehicles. As the industry shifts toward “Battery-as-a-Service” to lower upfront EV costs, IndoFast’s expanding footprint is positioning battery swapping as the primary energy solution for India’s 2W and 3W sectors.