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Yuma Energy, a battery-swapping pioneer, is set to expand its network to over 300 stations by the end of the year, significantly boosting its capacity to over 100,000 swaps per day. According to Muthu Subramanian, MD and General Manager of Yuma Energy, the company currently operates more than 150 battery swapping stations nationwide, with a capacity of 50,000 swaps per day. This expansion will allow the company to double its current capacity and better serve its growing customer base.
Yuma Energy, a joint venture between Magna and Yulu Bikes, provides battery swapping services across eight Indian cities. Swapping is seen as a more affordable and practical option than charging, with over 100,000 users getting their vehicle batteries swapped at Yuma stations each month. The stations are strategically located in high-demand areas and equipped with AI-powered charging units, making the process quick and efficient.
The company's phased expansion roadmap focuses first on tier-1 and tier-2 cities with high demand for its services. In the second phase, Yuma plans to expand into other cities and towns, adding more original equipment manufacturers (OEMs) and fleet customers to its network. This strategy ensures a wide-reaching and efficient service for a larger user base.
Yuma owns and maintains the EV batteries, offering them to users at a one-time swap cost or on a monthly subscription basis. The joint venture integrates hardware, software, and operational excellence, featuring IoT-enabled charging units, smart batteries, and an AI-enabled technology stack. With a 99% battery availability rate at its swapping stations, Yuma ensures high uptime and reliability for users.
Using travel heat maps, retailer locations, and ride patterns to identify demand hubs, Yuma optimizes its operations and delivers an accessible network for its users. This intelligent approach allows Yuma to do more with less, ensuring a seamless and efficient service experience for all users.
News by Rahul Yelligetti
