28 Apr 2026
Deal: SUN Mobility’s strategic collaboration with IndianOil
12 Jun 2024
12 Jun 2024
Trilegal advised SUN Mobility Pte. Ltd., a leading EV energy infrastructure company, on its strategic collaboration with IndianOil. The transaction involves both an investment by IndianOil in SUN Mobility and setting up of a 50:50 joint venture between SUN Mobility and IndianOil.
SUN Mobility currently supports more than 25,000 electric vehicles in India across 20 cities, using over 630 stations and 50,000+ smart batteries that clock over a million swaps per month while catering to various 2 and 3-wheeler customers.
This strategic joint venture aims to establish one of the world’s largest battery-swapping networks by leveraging IndianOil’s network of over 37,000 fuel stations across India to make SUN Mobility’s battery-swapping technology as accessible as conventional fuel stations. The joint venture expects to scale up to over 10,000 battery-swapping stations across 40+ cities in the next three years. It will enable seamless adoption of electric mobility across 2W, 3W and small 4W vehicles by providing a convenient “Battery as a Service” (BaaS) mobility solution.
IndianOil’s investment in SUN Mobility will bolster SUN Mobility’s efforts to develop world-class battery-swapping technology, large-scale local manufacturing and expansion to key global markets.
Trilegal’s role involved deal structuring and advising SUN Mobility on all aspects of the investment, joint venture and commercial transactions.
The Trilegal Team was led by our Partners – Kabeer Mathur and Jyotsna Jayaram, supported by attorneys Thomas Vallianeth (Counsel); Madhav Tampi, Akshaya Parthasarathy, Chinmay Bilgi, Akanksha Ravi, and Prabal De, (Senior Associates); Suyash Bhamore, Sanah Javed, Pereen Shah and Shloka Prashanth Rao (Associates).
Media link:
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
