India's battery-as-a-service Yuma Energy achieves a significant milestone, surpassing 1 million monthly battery swaps across 10 cities. With 175+ stations serving 100,000+ EV riders, the company plans to reach 300 stations by year-end.
22 Aug 2024 | 2219 Views | By Autocar Pro News Desk
Yuma Energy, a battery swapping service provider in India, has reached the milestone of 1 million monthly battery swaps and has begun operations in Hyderabad. The company currently operates 175 swapping stations across India and plans to increase this number to 300 by the end of the year.
Yuma ...
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Yuma Energy, a battery swapping service provider in India, has reached the milestone of 1 million monthly battery swaps and has begun operations in Hyderabad. The company currently operates 175 swapping stations across India and plans to increase this number to 300 by the end of the year.
Yuma Energy currently provides battery swapping services to over 100,000 electric two-wheeler riders, performing one million swaps per month. The company reports a 99% station uptime and an average swap time of less than one minute.
As part of its growth strategy, Yuma Energy has expanded its operations to Hyderabad, Telangana, bringing its battery swapping network to a total of 10 cities across India.
The company began operations 18 months ago and has since expanded its presence to six metropolitan areas: Bengaluru, Mumbai, Navi Mumbai, Delhi, Gurugram, and Hyderabad. It has also established services in four non-metropolitan cities: Indore, Kochi, Tirunelveli, and Pondicherry.
Muthu Subramanian, General Manager and Managing Director of Yuma Energy, stated that the company's growth demonstrates market acceptance of their services. He indicated that Yuma Energy aims to address charging infrastructure gaps and range anxiety issues to support faster electric vehicle adoption in India.
The company attributes its operational performance to its use of analytics and technology. Yuma Energy employs integrated systems and proprietary data models to manage its battery swapping network.
To expand its network, Yuma Energy has formed partnerships with various public and private entities. These 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.
India's two-wheeler electric vehicle (EV) sector is experiencing rapid growth, driven by increasing environmental awareness, rising fuel costs, and government incentives. This segment is seen as crucial in India's transition to cleaner transportation, given that two-wheelers constitute a significant portion of the country's vehicle fleet.
The market is witnessing a surge in both established automotive companies and startups launching electric scooters and motorcycles. Most models currently sold in India come with fixed batteries, which means the battery is an integral part of the vehicle and cannot be easily removed for charging. This design choice often results in lower upfront costs and simpler vehicle construction.
However, fixed batteries present challenges, particularly in urban areas where many residents lack access to personal charging infrastructure. Users typically need to park their vehicles near a charging point for several hours, which can be inconvenient.