YumaEnergy (Yuma), a joint venture between Magna and Yulu, today showcased its battery charging and swapping network for electric two-wheelers.
The JV has set up over 85 Yuma stations, equipped with integrated AI-powered charging, across Bangalore, Mumbai, and Delhi. There are plans to it up to over 500 stations across multiple cities by the end of 2023.
Matteo Del Sorbo, Executive Vice President and Global Lead for New Mobility, Magna, noted that the Yuma network will not only support the growing electric two-wheelers fleet of Yulu but also be available to other OEMs.
He said, “The launch of Yuma’s BaaS offering in India presents an opportunity for Magna to leverage our core competencies in engineering and manufacturing to capitalise on the rapid growth in the micro-mobility market globally.”
Amit Gupta, Co-founder & CEO, Yulu, added, “This is a very special moment as YumaEnergy starts its journey with the launch of its Battery-as-a-Service network. We are excited to see Yuma Stations support Yulu Mobility’s needs and open up to more OEMs and mobility partners, offering their customers reliable and efficient access to energy.”