SUN Mobility has appointed Satish Sundaresan as Chief Executive Officer of SUN Mobility and Kamaldeep Singh as Chief Executive Officer of Indofast Energy, the 50:50 joint venture between Indian Oil Corporation Limited (IOCL) and SUN Mobility.The appointments establish separate leadership responsibilities for the company’s technology and operating businesses as SUN Mobility expands its engineering, manufacturing and global sourcing operations and Indofast Energy scales its battery-swapping network across India.
As CEO of SUN Mobility, Mr Sundaresan will oversee engineering, manufacturing operations and global sourcing. His responsibilities will include the production and delivery of Smart Batteries, Quick Interchange Stations (QIS) and energy platforms for Indofast Energy and SUN Mobility’s international operations. He will also lead manufacturing capacity expansion, supply chain resilience and the company’s technology and product development roadmap.
Mr Sundaresan brings more than 25 years of experience across automotive technology, software and electronics manufacturing. Before joining SUN Mobility, he served as CTO and Senior Vice President at Lumax Auto Technologies, where he also led electronics manufacturing operations. Earlier, he was Chief Strategy Officer and Managing Director at Elektrobit India and held positions with Mercedes-Benz and Bosch.
Mr Singh, as CEO of Indofast Energy, will be responsible for expanding the company’s nationwide battery-swapping network and developing its operating platform. He has more than two decades of experience in P&L management, consumer businesses and distributed operations, including leadership roles as CEO of Big Bazaar and CEO of DealShare.Mr
Welcoming the appointments, 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.”
Mr Sundaresan said his focus would be on improving the speed, reliability and affordability of batteries and swapping stations while advancing SUN Mobility’s open-architecture technology platform. Mr Singh said Indofast Energy would focus on expanding the battery-swapping network, improving operating efficiency and making EV refuelling more accessible to users.
Founded in 2017 by Chetan Maini of Maini Group and Uday Khemka of SUN Group, SUN Mobility provides battery-swapping solutions for electric two-, three- and four-wheelers and heavy electric vehicles. The company has operations in India and a growing presence in Africa and Southeast Asia.
SUN Mobility has formed Indofast Energy with IOCL to accelerate battery-swapping deployment in India. The joint venture has deployed more than 2,000 swapping stations across over 24 cities and has enabled more than 80 million battery swaps and over 2.2 billion electric kilometres. The company said its technology has helped avoid more than 100,000 tonnes of CO₂ emissions.
