Yuma Energy announced to have surpassed one million monthly battery swaps within just 18 months of starting operations and has also launched its BaaS service in Hyderabad, Telangana, extending its overall presence to 10 key cities.
The company stated to have doubled its urban footprint this year with six metros in Bengaluru, Mumbai, Navi Mumbai, Delhi, Gurugram and Hyderabad, and four non-metros in Indore, Kochi, Tirunelveli and Pondicherry.
Muthu Subramanian, General Manager and Managing Director of Yuma Energy said, “Yuma Energy’s speedy ascent to one million monthly swaps shows the widespread acceptance and customer goodwill it has garnered over its 18-month journey. Powered by cutting-edge technologies and strong customer partnerships, Yuma Energy will continue to reliably solve charging infrastructure gaps and range anxiety at scale, thereby driving speedier EV adoption and supporting a sustainable energy transition for India,”
Speaking about the city launches, Subramanian added, “We are delighted to start Yuma Energy’s BaaS service in Hyderabad and will continue to add capacity with a goal to operationalise 300 stations country-wide by the end of this year.”
Their advanced systems and data models have created a battery swapping network with high uptime, quick swap times, and strong financial performance.
The company aims to establish strategic partnerships with cities, public agencies and private players. The current partners include the Municipal Corporation of Delhi, Indian Railways, Adani Electricity, BSES Rajdhani Power Limited, BSES Yamuna Power Limited, Delhi Metro Rail Corporation, and Bangalore Metro Rail Corporation Limited.
