Chetan Maini's SUN Mobility raises $50 mn from Dutch energy giant Vitol

Maini is known for launching India's first electric car, the Reva, after founding Reva Electric Car Company in 1996

SUN Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced the successful closure of a $50 million funding round by Vitol, one of the world’s largest independent traders of energy and a significant investor in zero-emission and renewable energy assets globally. This strategic investment by Vitol will enable significant acceleration and expansion of SUN Mobility’s services across India and select global markets.

“We are excited to be working with Vitol, a significant investor in zero-emissions related technology worldwide with a keen understanding of the electric vehicles segment,” said Chetan Maini, co-founder and chairman of SUN