Indofast Energy, a joint venture between Indian Oil Corporation and SUN Mobility has partnered Motovolt Mobility to eliminate range anxiety, battery concerns, and high upfront costs.
The collaboration marks a significant step toward cost-efficient, convenient, and worry-free EV adoption for commuters and businesses across the country.
For far too long, the journey to electric mobility has been hampered by concerns over range anxiety, limited charging infrastructure, and the high upfront cost of batteries. This alliance directly confronts these challenges, offering a compelling solution that empowers both individual commuters and businesses.
By decoupling the battery cost from the vehicle purchase through Battery as a Service (BaaS), Motovolt’s high-quality, agile MVS7 electric scooter becomes significantly more affordable, making EV ownership a tangible reality for millions.
Rajat Malhan Senior Vice President at Indofast Energy said, “This isn’t just a partnership; it’s a paradigm shift for Indian e-mobility. We are eliminating the biggest hurdles to EV adoption, offering a solution that is not only economically viable but also incredibly convenient. Our QIS battery swapping network will ensure Motovolt MVS7 users experience uninterrupted journeys and unparalleled vehicle uptime, driving their economic prosperity.”
Tushar Choudhary, Founder & CEO, Motovolt Mobility,commented on the collaboration, “As a domestic OEM dedicated to transforming mobility, we are excited to join hands with Indofast as a step towards green mobility. Since our inception, we have focused on developing vehicles that are high on utility and an asset for the consumer. We are unveiling this collaboration with our first multi-utility scooter named MVS7. Overall, this collaboration will not only strengthen EV infrastructure and leverage a pay-per-use model but also help us refine the end consumer experience significantly, as a cost-efficient and more credible alternative to traditional ICE vehicles.”
This alliance is set to accelerate the transition to sustainable transportation across India. To support this ambitious vision, Motovolt is expanding its dealership network in key metropolitan areas, including Delhi NCR, Bengaluru, Hyderabad, and Chennai. Over the next 12 months, the partnership aims for significant market penetration, targeting the sale of approximately 20,000 units of the MVS7 in the B2B sector and 5,000 units in the B2C segment.
