SoftBank Vision Fund is reportedly in talks with Sun Mobility to invest up to $100m in the smart batteries developer.
India-based smart batteries developer Sun Mobility is in talks to raise up to $100m from internet and telecoms conglomerate SoftBank’s $93bn Vision Fund, Mint reported yesterday.
Sun Mobility, founded in April 2017 as a joint venture of conglomerate Sun Group’s corporate venturing arm Sun New Energy Systems and investment firm Virya Mobility 5.0, is working on smart batteries for electric vehicles, including cars, buses and scooters.
The batteries are expected to be modular, replaceable and feature an internet of things…
