DealShare CEO Kamaldeep Singh Resigns To Lead EV Firm Indofast Energy

13 Oct 2026, 2:50 pm · 2h ago · 1 min read · Inc42New

DealShare chief executive Kamaldeep Singh has stepped down from his role amid reports of a potential fire sale at the ecommerce unicorn. Singh is joining electric mobility solutions provider Indofast Energy, a joint venture between Indian Oil Corporation and SUN Mobility, as its new chief executive officer. Indofast Energy plans to invest over $1 billion across the next three years to deploy more than 10,000 battery-swapping stations across 50 Indian cities. Singh had joined DealShare in December 2022 as president and took over as CEO in January 2024 following an executive stint at Big Bazaar.