SUN Mobility raises $60 million to expand EV battery swapping network into Africa, Asia

▤ Summary

SUN Mobility raised $60 million from Helios Climate and InfraCo Asia to expand its battery swapping network. The company will use the capital to launch in Africa and continue growing in India. It plans to deploy in Kenya and then expand across Southeast Asia, starting with the Philippines. SUN Mobility says it already operates more than 900 swapping stations and supports over 50,000 vehicles across multiple OEMs.

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