Indian Oil Corporation Limited has formed a joint venture with Sun Mobility Pte. Ltd. for undertaking battery swapping as a service business in India.
Shardul Amarchand Mangaldas & Co advised IndianOil on this JV.
The transaction team was led by Prashant Sirohi, Partner; Sourav Naug, Senior Associate; Aditya Mitra, Senior Associate; and Jasmeet Minocha, Associate.
The competition team was led by Aman Singh Sethi, Partner; Rohan Bhargava, Associate; Sakshi Agarwal, Associate; and Janhavi Singh, Associate.
Apoorva Murali, Partner; Maidini Phul, Counsel; Luma Abbas, Associate; and Sushain Sobti, Associate advised on the Intellectual Property aspects of the transaction.
Trilegal advised Sun Mobility on this JV.
The Trilegal Team was led by Partners Kabeer Mathur and Jyotsna Jayaram, supported by attorneys Thomas Vallianeth (Counsel); Madhav Tampi, Akshaya Parthasarathy, Chinmay Bilgi, Akanksha Ravi, and Prabal De, (Senior Associates); Suyash Bhamore, Sanah Javed, Pereen Shah and Shloka Prashanth Rao (Associates).
With this joint venture, IndianOil and Sun Mobility will also focus on other initiatives such as retrofitting and developing aggregator eco system to promote electric mobility in India.
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