Yuma Energy, a groundbreaking collaboration between Magna and Yulu, has made a significant announcement – it has successfully completed 10 million battery swaps in just one year since its establishment. This Battery-as-a-service (BaaS) company, which began its operations in February 2023, has rapidly become one of the largest battery-swapping networks in the country.
With over 125 stations strategically located in major cities such as Bengaluru, Mumbai, Delhi-NCR, and Gurugram, Yuma Energy is revolutionizing the way battery swaps are conducted. These stations carry out an impressive 800,000 swaps every month, equating to 15 swaps per minute. This remarkable accomplishment underscores the company’s commitment to providing efficient and reliable battery-swapping services to its users.
Yuma Energy’s battery-swapping network not only offers convenience but also promotes sustainable transportation. The company proudly states that its swapping stations have facilitated over 250 million kilometers of eco-friendly rides, further contributing to the reduction of carbon emissions in India.
Utilizing state-of-the-art technology, Yuma Energy’s charging stations are equipped with IoT capabilities and feature smart batteries. This advanced infrastructure, coupled with an AI-enabled technology stack, has enabled Yuma to achieve an unprecedented 99% battery availability rate, setting a new industry standard. With a one-minute service time and a high uptime, Yuma Energy ensures a seamless and swift battery swapping experience for its valued users.
Looking ahead, Yuma Energy has ambitious plans for expansion. The company aims to forge strategic partnerships with original equipment manufacturers (OEMs) and mobility operators, strengthening the supply side of their operations. Additionally, Yuma Energy plans to leverage intelligent and data-driven strategies to extend its swapping stations to new cities, solidifying its position as a pioneer in the BaaS category.
Yuma Energy’s remarkable achievements are a testament to the dedication of its exceptional team, the robustness of its technological infrastructure, and the valuable collaborations with its business partners. As the company continues to make strides in the Indian market, it remains committed to providing cutting-edge charging and swapping solutions to an expanding user base, transforming the future of mobility in India.
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The source of the article is from the blog newyorkpostgazette.com