10M Swaps and counting: Yuma ends First Year on an Electrifying note

Yuma Energy, the technology-powered battery-as-a-service (BaaS) company founded as a joint venture between Magna and Yulu, today announced the completion of 10 million lifetime battery swaps. This momentous landmark milestone coincides with the first anniversary of the Bengaluru-headquartered company, which commenced operations in February last year. Yuma’s rapid growth makes it one of India’s largest and fastest-growing BaaS networks. With 125-plus Yuma stations clocking 800,000 swaps per month – at an average of 15 swaps per minute – the company has achieved impressive scale and presence across its markets: Bengaluru, Mumbai, Navi Mumbai, Delhi-NCR and Gurugram. In 2023, Yuma enabled 250+ million kilometers of green rides.  "We are absolutely thrilled to have achieved the remarkable milestone of 10 million lifetime swaps," said Muthu Subramanian, General Manager and Managing Director of Yuma Energy.  "I am exceptionally proud that Yuma has established itself among leaders in the Indian BaaS industry, setting benchmark standards with 99% battery availability and a one-minute service time for our valued users. These achievements are a testament to the outstanding dedication of Yuma's team, the strength of our technological infrastructure, and the invaluable collaboration with our business partners." At the heart of Yuma’s success is a combination of hardware, software, and