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India Climate Startups Update

Startup Update

Yulu bikes and Magna have gotten into a joint venture to launch Yuma Energy

2023-02-03 |

The company will offer ‘battery-as-a-service’ or, in other words, a swappable battery ecosystem for electric two-wheelers.

 


  • Battery-As-A-Service
  • Energy Storage

Source


Notes by Narsi

"Yuma Energy’s battery as a service (BaaS) network will cater to Yulu’s rental micro-mobility bikes as well as other electric two-wheeler companies that rely on a battery-swapping model for their mobility plans."

The battery as a service sector is showing some serious growth in the last few months, with investments and strategic partnerships galore! 


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