Anant Badjatya appointed as CEO of Indofast Swap Energy
SUN Mobility and Indian Oil Corporation Ltd (IOCL) announced the appointment of Anant Badjatya as the CEO of their newly formed joint venture, Indofast Swap Energy Pvt. Ltd.
Anant Badjatya, formerly CEO – SUN Mobility, has taken the reins of Indofast with immediate effect.
This strategic move follows the landmark deal signed by IOCL and SUN Mobility in June 2024 to establish one of India’s largest battery-swapping networks by 2030.
Anant Badjatya, who has over 20 years of experience in the energy and automotive sectors, will lead Indofast Energy’s efforts to establish an extensive battery-swapping network by bringing together the might of IOCL’s network of over 37,000 fuel stations across India, with SUN Mobility’s battery swapping technology.
Indofast Swap Energy, with its Battery-as-a-Service model will offer two and three-wheeler owners affordable mobility options, eliminating range anxiety and long charging times.
Speaking on his new role, Anant Badjatya, CEO, Indofast Swap Energy stated “We would like to be synonymous with India’s mobility revolution and a household name for 2 and 3-wheeler customers. Our offering of innovative technology with extensive infrastructure is unparalleled and underscores our resolve to provide a practical, accessible, and eco-friendly solution to all.”
The establishment of Indofast Swap Energy aligns with India’s broader goals for sustainable development and supports the government’s push towards increased adoption of electric vehicles. As part of this commitment, IOCL and SUN Mobility are focused on enhancing battery management systems and charging infrastructure across the country.
(Venkatachari Jagannathan can be reached at venkatacharijagannathan@gmail.com)
