Yuma Energy Holdings, Llc

What Yuma Energy Holdings, Llc does

Yuma Energy Holdings is a Battery-as-a-Service (BaaS) operator focused on electric two- and three-wheelers across India. Founded in February 2023 as a joint venture between Magna International Inc. (global automotive technology) and Yulu Bikes Pvt. Ltd. (Indian shared-mobility operator), the company runs one of India's largest battery swapping networks with 2,000+ stations across 17 cities and 35 million+ cumulative swaps completed as of December 2025. Operations are conducted through the Indian entity Magna Yuma Private Limited, with engineering in Bangalore and a battery-pack manufacturing facility in Chennai acquired via the 2024 Grinntech Motors & Services deal.

The core product is an integrated swapping ecosystem comprising IoT-enabled lithium-ion batteries (certified to UN 38.3, UL 2271/2272, CE/RoHS, AIS 156, AIS 004), modular intelligent charging units (4/5/9/12-slot configurations with multilingual UI), and a customer-facing mobile app for station discovery, reservation, and payment. Underlying the hardware is a cloud-connected IoT platform that streams real-time battery telemetry and supports AI/ML-based demand prediction claiming 99% accuracy six hours in advance. Yuma also offers OEM-embedded solutions under which vehicle manufacturers integrate Yuma's swappable battery architecture at the point of production, with Kinetic Green named as the flagship OEM partner targeting 10,000 vehicles in 2025 and 100,000 over four years.

Yuma's revenue model combines daily battery rental subscriptions (charged per day regardless of usage), per-swap transaction fees, franchise revenue-share with commercial station partners (who can earn up to 24% ROI), and OEM hardware sales. Customer segments include fleet operators and last-mile delivery services, individual EV riders, three-wheeler/e-rickshaw operators, and two-wheeler OEMs. The go-to-market is multi-channel: direct-to-consumer via the mobile app, asset-light franchise station partners (minimum 200 sq ft commercial space), and OEM-embedded integration at vehicle production. India is the sole operating geography.

Name

Yuma Energy Holdings, Llc

Legal name

Magna Yuma Private Limited

Website

https://yuma.energy

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Yuma Energy operates one of India's largest battery-as-a-service networks, providing swappable lithium-ion batteries and intelligent charging stations for electric two- and three-wheelers. Founded in 2023 as a Magna International and Yulu Bikes joint venture, it serves individual riders, fleet operators, e-rickshaw drivers, and OEM partners across 17 cities.

Ownership category

akta.pro rank

Product category

Battery Swapping Services

NAICS

Battery Manufacturing (33591)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

Micromobility Charging & Battery Swapping Services (THADAGAL)

akta.pro secondary industries

Charging Systems & Swappable Battery Infrastructure Manufacturing (IMACAOAF), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), EV & Fleet Charging Equipment (AC/DC chargers, depot charging systems) (IMAGAHAF), Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)

Keywords

• Battery swapping services
• Battery-as-a-service
• Electric mobility infrastructure
• EV charging network
• Swappable battery technology

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Personnel

Revenue model

1. Battery-as-a-Service Rental: Drivers pay a one-time non-refundable sign-up charge plus a refundable security deposit to join the battery swapping network. Daily rental charges apply regardless of usage. The service provides access to the swapping network, fully charged batteries, and the Yuma customer app. Revenue is recurring through daily charges with subscription-style billing.
2. Battery Swapping Transaction Fees: Revenue generated from per-swap transactions at charging stations. Swaps complete in under one minute. The company tracks swap volume (35 million+ total, 1.5M+ monthly) as a key performance metric.
3. Franchise/Station Partner Fees: Commercial partners provide space for battery swapping stations and receive a share of revenue. Partners can earn up to 24% ROI. Yuma installs and operates the charging units while partners provide accessible commercial locations.
4. OEM Hardware Integration: Partnerships with EV manufacturers involve integrating Yuma's battery packs and swapping infrastructure into vehicles. Revenue from hardware sales to OEM partners like Kinetic Green, with joint deployment targets of 10,000 vehicles in 2025 growing to 100,000 units.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Yuma Energy operates one of India's largest Battery-as-a-Service (BaaS) networks, providing swappable lithium-ion batteries and intelligent charging stations for electric two-wheelers and three-wheelers. Drivers pay subscription fees and per-swap charges to access a dense network of 2,000+ battery swapping stations across 17 Indian cities, completing swaps in under one minute. The company also partners with EV OEMs to integrate swappable battery infrastructure directly into vehicles at the point of manufacture.

Differentiator

Problem solved

Functional benefit

Brands

• Grinntech: Battery pack and battery management system technology acquired by Yuma Energy

Products and services

• Smart Lithium-Ion Batteries IoT-enabled swappable lithium-ion batteries designed for electric two-wheelers and three-wheelers, featuring advanced Battery Management System (BMS) for real-time monitoring of temperature, voltage, and current. Certified to UN 38.3, UL 2271/2272, CE/RoHS, AIS 156, and AIS 004 standards, with durable aluminium body construction.
• Intelligent Charging Units Modular battery swapping stations available in 4, 9, or 12 slot configurations, featuring multilingual UI (English, Kannada, Hindi), integrated cooling systems, IP54 dust and rain proof rating, RFID and BLE authentication, and IoT connectivity. Operate in both DIY and Assisted swap modes.
• Yuma Mobile App Mobile application for individual riders and fleet operators to locate nearest Yuma stations, reserve batteries in advance, monitor consumption, scan and complete battery swaps, and process secure payments. Supports token-based battery reservation and QR code scanning at stations.
• Battery-as-a-Service (BaaS) for OEMs Energy-as-a-service solution for two-wheeler and three-wheeler manufacturers, providing access to Yuma's battery swapping ecosystem with integrated swappable battery packs and swapping infrastructure embedded into vehicles at the point of manufacture. Enables OEMs to deliver enhanced customer experience with affordable, accessible energy solutions.
• Franchise Station Partner Program Partnership program for commercial site owners (restaurants, stores, hotels, residential complexes) to host Yuma battery swapping stations at their locations. Partners provide minimum 200 sq ft space while Yuma handles installation and operations. Partners earn up to 24% ROI with tech-powered operations and 24/7 support.

Quantifiable outcome

• 1-minute average battery swap time
• +5 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• Kinetic GreencoreStrategic or Co-development Partner · 1 January 2025Flagship OEM partnership to deploy electric vehicles with Yuma's battery-as-a-service solution. Initial deployment focuses on electric Luna for shared passenger mobility and last-mile delivery. Target of 10,000 vehicles in 2025, scaling to 100,000 units over four years.
• Grinntech Motors & ServicescoreTechnology or Integration · 1 January 2024Strategic acquisition of Chennai-based startup focusing on design and development of energy storage solutions. Brings in-house battery pack and BMS IP, with manufacturing capability at Chennai plant supported by Magna.
• Magna International Inc.coreStrategic or Co-development Partner · 1 January 2023Joint venture partner with Yulu Bikes to form Yuma Energy. Magna International, a global automotive technology company, provides technology expertise, manufacturing capabilities (Grinntech acquisition), and strategic direction to the battery-as-a-service venture.
• Yulu Bikes Pvt. Ltd.coreStrategic or Co-development Partner · 1 January 2023Joint venture partner with Magna International to form Yuma Energy. Yulu contributes mobility platform expertise, customer relationships, and operational experience in India's EV ecosystem. Yuma receives mobile phone number data from Yulu for app connectivity.
• Municipal Corporation of Delhi (MCD)coreChannel Partner/ Reseller/ Distributor · 1 January 2023Partnership with MCD to deploy battery swapping stations in Delhi. Supports urban e-mobility initiatives and expands Yuma's presence in the capital region through public infrastructure collaboration.
• BSEScoreChannel Partner/ Reseller/ Distributor · 1 January 2023Partnership with BSES (power distribution company) to boost e-mobility with battery swapping stations in Delhi. Leverages existing power infrastructure for reliable station operations.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Ola Electric: Ola Electric is India's largest electric two-wheeler manufacturer building its own charging and battery infrastructure, competing with Yuma for OEM partner dominance and direct 2W customer mindshare.
• Ather Energy: Ather Energy is a leading Indian electric two-wheeler OEM operating its own charging grid (Ather Grid); while primarily an EV manufacturer rather than BaaS operator, it competes for the same urban EV 2W customers and OEM partner mindshare.

Direct peers

• Gogoro: Gogoro is the global leader in two-wheeler battery swapping with the densest swap network in Taiwan and expanding partnerships across India and Southeast Asia, pioneering the exact BaaS business model Yuma is scaling in India.
• Sun Mobility: Sun Mobility is one of India's largest battery swapping networks for two-wheelers, three-wheelers, and small EVs, operating across multiple Indian cities with a similar BaaS subscription and swap-transaction model directly competing with Yuma in the same customer segments.
• VoltUp: VoltUp operates battery swapping stations for electric two- and three-wheelers in India with a focus on last-mile delivery fleets, directly competing with Yuma in commercial fleet customer segments.
• Bounce Infinity: Bounce Infinity operates a battery swapping network for electric two-wheelers in India with its own swap stations and consumer scooters, directly overlapping with Yuma's BaaS model and 2W target market.
• Battery Smart: Battery Smart runs India's largest battery swapping network for electric three-wheelers, providing interoperable swap stations targeting commercial fleet operators in similar urban geographies as Yuma.

Emerging players

• Ample: Ample operates modular battery swapping stations primarily for four-wheelers in the US and Europe but has expanded into light EVs; represents the broader global battery swap thesis Yuma is executing for 2W/3W in India.
• RACEnergy: RACEnergy is an Indian battery swapping startup focused on three-wheeler and last-mile delivery fleets, building swap infrastructure and battery-as-a-service offerings that overlap with Yuma's commercial fleet segment.
• Honda Power Pack Energy India: Honda's India battery swap subsidiary is establishing swappable battery infrastructure for two-wheelers in partnership with OEMs and fleet operators, competing for the same BaaS market Yuma targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/YumaEnergy
• LinkedInlinkedin.com/company/home

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yuma Energy Holdings, Llc