SUN Mobility Selected to Present at CleanEquity® Monaco 2019
LONDON, March 8, 2019 /PRNewswire/ -- SUN Mobility will present at CleanEquity® Monaco 2019 on 14th & 15th March at the Fairmont Monte Carlo.
CleanEquity® is an annual invitation-only event hosted by Innovator Capital, the London based specialist investment bank. The conference provides an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates - key decision makers looking to assist them with reaching their commercial and strategic goals.
Other partners and sponsors include Prince Albert II of Monaco's Foundation, APCO Worldwide, Cision, Covington & Burling, Cranfield, Hobbs & Towne, Monaco Economic Board, Parkview International and Reliance Industries.
SUN Mobility is a 50:50 joint venture between Maini Group and SUN Group, pioneers in electric mobility and clean energy. It is co-founded by Chetan Maini, founder of India's first electric car, Reva (now Mahindra Electric) and Uday Khemka, Vice Chairman of SUN Group, two of India's well-established leaders in the new energy economy.
By 2030, the transportation business is going to be a $250 billion industry in itself, with a lot of key players accelerating their involvement in the electric vehicles (EVs) segment. India will soon have over 400 million vehicles on its roads, and an estimated 30-40% of them are likely to be EVs. SUN Mobility recognized this opportunity to fast-track their mass adoption, and through its open-architecture Energy Infrastructure Solution, is offering a faster, more convenient and more affordable way of 'refuelling'. It is currently focused on shared mobility vehicle segments such as 2-wheelers, 3-wheelers, eRickshaws and buses that undertake around 85% of daily urban commutes in a country like India, and is keen to deploy its services on a global scale in the near future.
The innovative approach of separating the battery from the electric vehicle and offering it on a 'pay-as-you-go' model enables the price of EVs to be cheaper than their ICE equivalents, and the cost of energy to be lesser than that for fossil fuel per km. By creating Smart Batteries which are swappable and enabling them to be swapped in a few minutes through a network of Quick Interchange Stations powered by its Smart Network, SUN Mobility is addressing the key issues facing electric mobility the world over–high cost, range anxiety and long-refuelling time. This unique value proposition, for the first time, can truly enable mass adoption of electric vehicles.
It has an in-house team to design, develop and manufacture their proprietary Smart Batteries and Quick Interchange Stations, and manage the Smart Network. It has several patents under process in India and outside for the technology used to develop these, along with secure interfaces, battery life management and swapping infrastructure development. SUN Mobility has also partnered with leading automotive manufacturers (OEMs) such as Ashok Leyland, shared mobility solution providers (fleet operators) such as Smart E, advanced battery technology companies, renewable energy generation companies and cities. It has successfully commenced commercial deployment of its energy infrastructure solution for electric mobility that will help move masses in an efficient, pollution-free and cost-competitive way.
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About Innovator Capital
Innovator Capital, established in 2003, is a specialist investment bank advising emerging technology companies on corporate finance, mergers and acquisitions. Its expertise includes intellectual property and multi national strategic partnering.
SOURCE Innovator Capital
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