Summary:
Auto Component major, Bosch has acquired a 26 percent stake in SUN Mobility through its investment vehicle Robert Bosch Investment Nederland B.V.
Soumitra Bhattacharya, President of Bosch Group in India said, “Bosch engagement with SUN Mobility complements our shared vision towards the growth of Electromobility. At Bosch, we firmly believe that the diverse powertrain technologies will continue to coexist. A mix of combustion engines and electrification will be needed for a highly efficient mobility ecosystem.”
Chetan Maini, Co-Founder and Vice-Chairman, SUN Mobility said, “This is a significant milestone for SUN Mobility as we are joined by Bosch, a leader in the mobility ecosystem, in our march towards the future of mobility. This reaffirms our mission to build a cost-effective and convenient energy infrastructure solution to accelerate the adoption of EVs in India and the world.”