Indofast Energy Hits 1,000 Battery Swap Stations, Eyes 2,750 by 2026

Indofast Energy, a battery-swapping solutions provider, recently commissioned its 1000th battery swap station, marking the country's fastest establishment of such an extensive EV charging infrastructure network.  Sharing these details in a press release, Indofast Energy explained that with the latest station now operational in Mumbai's Lokmanya Tilak Terminus Railway Station, the company has created a nationwide infrastructure that supports widespread adoption of electric mobility. 

Building on this momentum, Indofast said that it targets to deploy 2,750 swap stations and support 1.5 lakh vehicles by March 2026. It also aims to scale up its infrastructure to meet the growing demand for electric mobility solutions. Currently, its expansion plans include five new cities—Chennai, Mumbai, Jaipur, Pune, and Agra. It plans this expansion while simultaneously aiming to strengthen its presence in existing markets, including Delhi NCR, Hyderabad, and Bangalore. Moreover, Indofast's expansion aligns with its goal to establish 10,000 swapping points across more than 40 Indian cities in the next three years. 

Expansion Plans

In this announcement, Indofast shared the impact of setting up swapping stations. It said, "As India's gig economy experiences growth, Indofast Energy's expansion into high-demand corridors and emerging markets has improved delivery operations across quick commerce, e-commerce, and food delivery sectors. The network has facilitated 39 million+ battery swaps to date, enabling 50,000+ electric vehicles to collectively travel more than 1.06 billion kilometres—equivalent to circling the Earth over 26,000 times. Cumulatively, this has resulted in approximately 55,000 metric tonnes of tailpipe CO₂ emissions avoided, demonstrating the significant environmental impact of Indofast Energy’s growing infrastructure."

The company also updated on its current capacity, Indofast said, "The network currently supports nearly 78,000 livelihoods across the ecosystem, enabling fleet operators to achieve minimal downtime, significantly lower operating costs, and seamless round-the-clock delivery operations. The impact is particularly significant in the last-mile delivery sector, with two-wheelers leading the charge in battery swaps, followed by three-wheelers and commercial light vehicles. The two-minute swap time allows riders to complete more orders and increase their daily earnings, which has driven adoption primarily in B2B delivery fleets, with an encouraging trend of riders now purchasing their own vehicles instead of relying solely on fleet operators." 

Collaboration

To strengthen its battery swapping network, Indofast said it collaborated with vehicle partners, including Zypp, Omega Seiki Mobility, Shadowfax, Triev, Wickedride, Green Drive,  Eveez, Hala Mobility, Rapido, Whizz, bluwheelz, and Loadshare, along with key infrastructure partners such as IOCL, Indian Railways, BESCOM, DTL, BRPL, BYPL, STATIQ, Power Pod, BMRCL, MMRC, and HMR. Moreover, the company has said to 

This has created numerous direct jobs while enabling tens of thousands of gig workers and small business owners to transition to cleaner, more cost-effective electric mobility solutions at an accelerated pace.