Yulu announced that it has achieved more than 3 million battery swaps till date, thus becoming India’s largest Battery-as-a-Service (BaaS) operator through its ‘Max Network’ since it started YMax operations in mid-2019. As one of India’s largest shared EV players with over 10,000 EVs on the road, its operations are powered by the ‘Max Network’.
The Max Network is a unique energy infrastructure with high-capacity back-end charging stations and a dense network of conveniently located, customer-facing swapping stations. Speaking on the milestone, Amit Gupta, CEO & Co-founder, Yulu, said, “We believe 2022 is a defining year for India’s EV market & Yulu is well positioned to lead this transition. Yulu’s energy infrastructure, the Max Network, will grow in line with our mobility growth plan of reaching a fleet of 100,000 vehicles by end 2022, and thus enable 3 million swaps every month.”
The Max Network by Yulu uses Machine Learning (ML) & Artificial Intelligence (AI) to predict and fulfill battery requirements across its network based on demand patterns and trends, to ensure uninterrupted energy availability to its users. Currently, the Max Network powers Yulu vehicles, but the company is in the process of opening up its network to cater to other EVs and help accelerate the electrification of both personal and shared mobility in India.