InvestorQ : How do you see the impact of Bosch getting into the EV business?
Rashi Mehra made post

How do you see the impact of Bosch getting into the EV business?

Answer
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Archita Jajjoo answered.
4 weeks ago


Auto ancillary MNC, Bosch of Germany, picked up a 26% stake in Sun Mobility. This company is based out of Bengaluru and is focused on electric vehicles (EV). The stake was picked up via its investment vehicle based out of the Netherlands.

Bosch will work jointly with Sun Mobility to tap new opportunities in the emerging domain of green electrical vehicles. Sun also has a tie-up with Ashok Leyland and Piaggio to set up battery swapping stations across the length and breadth of India.

Bosch strategically bets on the premise that the combustion engines used currently in mechanical cars will co-exist with electrical cars and the amalgam will be a highly efficient mobility ecosystem. The idea is to jointly build a cost-effective and convenient energy infrastructure solution.

SUN Mobility has already partnered with IOCL in order to set up battery swapping stations at the latter’s fuel pumps. This will help provide instant charging services to EV owners. The partnership will target electric three-wheelers and two-wheelers.