EV infrastructure firm SUN Mobility has named Satish Sundaresan as CEO to lead technology and manufacturing, while Kamaldeep Singh joins as CEO of its Indofast Energy joint venture with Indian Oil Corporation. These leadership changes aim to accelerate the scaling of battery-swapping networks across India, building on the company's 79% revenue growth reported for the 2026 financial year.
SUN Mobility, a key player in the Indian electric vehicle (EV) energy infrastructure sector, has announced a major leadership restructuring. The company has appointed Satish Sundaresan as the new CEO of SUN Mobility, while Kamaldeep Singh has been named CEO of Indofast Energy, the joint venture between SUN Mobility and Indian Oil Corporation. This shift comes as the company moves from its initial technology-building phase toward widespread network deployment.
Satish Sundaresan will take charge of manufacturing operations, global sourcing, and technology development. His focus will include the production and distribution of Smart Batteries and quick interchange stations, both for the Indian market and international expansion. This appointment highlights the company's intent to refine its core product offerings as it matures in the competitive EV ecosystem.
Meanwhile, Kamaldeep Singh, who brings experience from large-scale consumer-facing businesses, will lead the Indofast Energy joint venture. The primary objective here is to scale the nationwide battery-swapping infrastructure. By separating the technology and manufacturing core from the day-to-day operations of the joint venture, the company aims to improve execution efficiency and build a stronger foundation for mass-market adoption.
For observers of the EV sector, these changes follow a period of strong growth for the company. In the 2026 financial year, SUN Mobility reported a 79% increase in revenue, reaching ₹594.88 crore. The company has also shown a commitment to innovation, with research and development spending rising by 354% to ₹35.4 crore during the same period. Since SUN Mobility is a private, unlisted entity, it does not trade on the stock exchanges, but its operational progress is a significant bellwether for the broader Indian battery-swapping market.
Despite the growth, the company faces distinct challenges common in the infrastructure space. The business model remains capital-intensive, requiring steady investment to maintain and expand the network. Additionally, the rapid pace of change in EV technology means the company must balance its high R&D spending with the need for sustainable unit economics. There are also execution risks, as building a reliable nationwide network requires managing supply chain resilience and ensuring consistent product performance under varying operational conditions.
Moving forward, the primary area to monitor will be the progress of the Indofast Energy joint venture. The ability of the new leadership team to scale operations efficiently while keeping costs under control will be a key factor in determining the company's path toward long-term profitability. Investors and industry stakeholders will also watch how the company balances its R&D investments with the competitive pressures of a rapidly evolving EV infrastructure landscape.