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Yuma Energy to Triple Revenue with Expanded Battery-Swapping Network

Yuma Energy has more than doubled its business to 50,000 swaps per day over a year, and plans to increase it to 1.5 lakh/day by the end of the year.

By Darshan Nakhwa, Kiran Murali, and Prerna Lidhoo

22 Mar 2025

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Yuma Energy to Triple Revenue with Expanded Battery-Swapping Network

As India accelerates its shift to electric mobility, inadequate charging infrastructure remains a key obstacle. This is where battery swapping–a faster and efficient alternative to charging–has emerged as a game-changer. With wider adoption of swapping solutions among delivery operators, the competition in the sector has intensified.

Meanwhile, Yuma Energy–a joint venture between North America based Magna International and shared mobility startup Yulu–has established itself as a key player over the last two years. In 2025, it plans to build on this momentum by scaling its network, enhancing operational efficiency, and forging key partnerships to drive three times growth in ...

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