SUN Mobility has announced two leadership appointments as part of a strategic strengthening of its executive team. Satish Sundaresan has been appointed Chief Executive Officer of SUN Mobility, while Kamaldeep Singh has been named Chief Executive Officer of Indofast Energy, the 50:50 joint venture between Indian Oil Corporation Limited (IOCL) and SUN Mobility.
These leadership appointments mark a major milestone in SUN Mobility’s journey, creating a dedicated leadership architecture designed to scale SUN Mobility’s engineering, manufacturing operations and global sourcing capabilities for India and international markets while sharpening operational execution across its primary operating business in India.
As CEO of SUN Mobility, Satish Sundaresan will lead engineering, manufacturing operations and global sourcing, including delivery of Smart Batteries, Quick interchange Stations (QIS) and energy platforms at scale to Indofast Energy in India and to SUN Mobility’s international businesses. He will steer manufacturing excellence, capacity expansion, supply resilience, and the technology roadmap and open-architecture product innovation that underpin them, setting the company up for its next phase of growth and new business lines. Bringing over 25 years of leadership across automotive technology, software and electronics manufacturing – most recently as CTO & Senior Vice President at Lumax Auto Technologies, where he also headed electronics manufacturing operations, and earlier as Chief Strategy Officer & Managing Director at Elektrobit India, with prior stints at Mercedes-Benz and Bosch, Satish brings deep expertise in hardware-software integration, building and scaling engineering and manufacturing organizations, and complex mobility ecosystems.
As CEO of Indofast Energy, Kamaldeep Singh will lead the company’s next phase of growth, scaling its nationwide battery-swapping network and building a high-performance, economically sustainable operating platform. With more than two decades of experience in P&L leadership, consumer businesses and large-scale distributed operations, including as CEO of Big Bazaar and CEO of DealShare, Kamaldeep brings deep expertise in scaling complex networks, driving execution discipline and building strong unit economic.
Welcoming both CEOs, Chetan Maini, Co-Founder and Chairman of SUN Mobility, said, “As global EV adoption reaches an inflection point, establishing dedicated leadership across our technology and operating arms is crucial to unlocking our next phase of scale. We are delighted to welcome Satish Sundaresan and Kamaldeep Singh. Satish’s deep expertise in automotive electronics and mobility tech will propel our core technology engine and platform engineering for global applications. In parallel, Kamaldeep’s track record of growing high-volume businesses with operational and financial rigour positions Indofast Energy to extend its reach across India, rapidly and profitably..”
Speaking on his appointment, Satish Sundaresan, Chief Executive Officer of SUN Mobility, said, “Joining SUN Mobility at this transformative juncture is an incredible opportunity. Its pioneering open-architecture platform has redefined the electric vehicle ecosystem. My focus will be on making sure every battery and station we build reaches our partners faster, more reliably and more affordably, in India and globally, and on continually advancing our technology so our battery-swapping platform remains the most flexible, cost-effective and future-ready solution for mobility as we write our next chapter.”
“Indofast Energy brings together IndianOil’s unparalleled national footprint with SUN Mobility’s category-defining technology. Building a reliable, accessible and economically sustainable energy network at national scale requires execution discipline, strong unit economics and relentless focus on customer experience. I look forward to rapidly scaling our battery swapping network across the country and making EV refuelling seamless and instantaneous for users across India.”, said, Kamaldeep Singh, Chief Executive Officer of Indofast Energy.
With these appointments, SUN Mobility reinforces its ambition to tap top-tier industry leadership to accelerate the transition toward zero-emission mobility across two-wheelers, three-wheelers, four-wheelers, and heavy electric vehicles (HEVs).
SUN Mobility is a global pioneer in battery swapping technology, offering faster, more affordable, and highly convenient energy solutions that accelerate electric vehicle adoption and support the transition to a zero-emission future. Founded in 2017 by Chetan Maini (Maini Group) and Uday Khemka (SUN Group), trailblazers in electric mobility and clean energy, SUN Mobility has emerged as India’s foremost provider of open architecture battery swapping solutions. Beyond India, it has strengthened its global presence, especially in Africa and Southeast Asia.
Backed by marquee investors including Bosch (a global leader in automotive technology), Vitol (Africa’s leading energy trader and parent of Vivo Energy), Helios Climate (Africa’s premier climate-focused investment platform) and Indian Oil Corporation Limited (IOCL), the company enables seamless energy refuelling for electric two-, three-, and four-wheelers, as well as heavy electric vehicles (HEVs), through its innovative Battery Swapping infrastructure.
To accelerate nationwide deployment, SUN Mobility has formed IndoFast Swap Energy, a 50:50 joint venture with IOCL, aimed at scaling India’s battery swapping network at speed and scale. “Indofast Energy’s Battery-as-a-Service (BaaS) model separates the battery from the vehicle, cutting upfront costs for drivers and letting them refuel in seconds instead of hours. Through the Indofast Energy JV, SUN Mobility has deployed 2000+ Swapping Stations across 24+ cities, powering over 80 million battery swaps and enabling 2.2+ Billion electric kilometers to date. Its technology has already helped eliminate more than 100,000 Metric Tonnes of CO₂ emissions, underscoring its mission to power clean, accessible mobility at scale.
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