Indofast Energy
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 3 stories, the newest dated 11 Aug 2026. Summary written 3 Oct 2026.
Indofast Energy is a battery-swapping operator in India that runs swap stations for electric vehicles and works with charging networks and fleet operators. [1] source: The Hindu BusinessLine[2] source: ET Small Business
Show 3 more paragraphs and 3 sources
It had over 1,900 swap stations across 24 cities, supporting over 120,000 vehicles, in July 2026. [2] source: ET Small Business The Hindu BusinessLine reported over 450 stations in Bengaluru in August 2026. [1] source: The Hindu BusinessLine
In August 2026, Indofast Energy and GLIDA announced plans to co-locate battery-swapping infrastructure at EV charging sites, targeting 50 sites and over 100 swapping stations, with the first quick-interchange stations in Chennai, Bengaluru and Hyderabad. [3] source: The Hindu BusinessLine Also in August 2026, a partnership with Zeon Charging began with six Quick Interchange Stations at two Bengaluru locations, including Orion Mall. [1] source: The Hindu BusinessLine In July 2026, Indofast Energy and Hala Mobility set a target of 100,000 swappable-battery EVs in India by March 2028, including 40,000 vehicles in the current financial year/by March 2027. [2] source: ET Small Business That fleet work extends last-mile delivery operations in Hyderabad, Bengaluru, Delhi-NCR and Mumbai to Pune, Chennai and Jaipur. [2] source: ET Small Business
Named partners are GLIDA, Zeon Charging and Hala Mobility. [3] source: The Hindu BusinessLine[1] source: The Hindu BusinessLine[2] source: ET Small Business
Sources
Questions about Indofast Energy
What are Indofast Energy's expansion plans?
Indofast Energy and GLIDA target 50 sites and over 100 battery-swapping stations, with the first quick-interchange stations in Chennai, Bengaluru and Hyderabad, as reported in August 2026. [3] source: The Hindu BusinessLine
Where and when is Indofast Energy opening new stores?
Indofast Energy began its Zeon Charging rollout in Bengaluru with six Quick Interchange Stations at two sites, including Orion Mall, as reported in August 2026. [1] source: The Hindu BusinessLine
How many Indofast Energy stores are there?
Indofast Energy had over 1,900 battery swap stations across 24 cities, supporting over 120,000 vehicles, as reported in July 2026. [2] source: ET Small Business
What is Indofast Energy's current strategy in India?
In August 2026 Indofast Energy partnered with GLIDA on a target of over 100 swapping stations across 50 sites, and with Zeon Charging on stations at Bengaluru malls. In July 2026 it agreed with Hala Mobility to target 100,000 swappable-battery EVs by March 2028. [3] source: The Hindu BusinessLine[1] source: The Hindu BusinessLine[2] source: ET Small Business
Stories that mention Indofast Energy
1 story
Indofast Energy is named in these stories but is not their subject.