Hero Electric, Sun Mobility partners for battery swapping technology

12 Mar 2022 CW Team

Also read: EV inHero Electric had announced its partnership with Sun Mobility to sell electric two-wheelers integrated with the swappable battery technology.

According to a statement, both the companies will sell jointly developed vehicles in the next three months with a target of around 10,000 electric two-wheelers by the end of this year.

They will create an ecosystem where customers can access the batteries having the latest technologies throughout the product lifecycle without the need of ever purchasing a battery. The companies will also partner on financing options for electric vehicle (EV) buyers.

CEO of Hero Electric, Sohinder Gill, said that battery swapping is emerging as a strong catalyst for the exponential growth of the electric two-wheelers in India. It reduces the upfront cost of buying an electric two-wheeler and eliminates anxiety and apprehensions about the life of the batteries.

This technology is especially for the business to business (B2B) customers, as the swapping stations can be placed in the working zones for the EV riders to run their bikes without waiting for the recharging of the batteries.

Minister of Finance, Nirmala Sitharaman, announced the formulation of a Battery Swapping Policy that will mainstream the technology for the adoption of EV in India.

Sun Mobility has 70 battery swapping stations in over 15 cities, used primarily by electric three-wheeler operators. The company has also partnered with Piaggio and Ashok Leyland.

Image Source

Also read: EV industry to get big push from battery swapping policy

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..