Yuma Energy, a Battery-as-a-Service (BaaS) company in India, has acquired Grinntech Motors & Services Pvt. Ltd., a Chennai-based start-up focused on energy storage solutions. The acquisition supports Yuma Energy’s goal of increasing the adoption of clean energy solutions for businesses and individual users.
By integrating Grinntech’s expertise in battery technology, research, and manufacturing, Yuma Energy aims to develop a vertically integrated BaaS ecosystem. This will include battery design and production, charging units, a swapping network, and a digital customer platform.
“This acquisition strengthens our capabilities in battery management systems, research, and manufacturing,” said Muthu Subramanian, Managing Director & General Manager, Yuma Energy. “By incorporating Grinntech’s technology, we will continue to improve performance, reliability, and safety.”
In January 2025, Yuma Energy introduced a new battery at the Bharat Mobility Global Expo’s Bharat Battery Show in New Delhi. The battery was developed in partnership with Grinntech, making this acquisition a continuation of their collaboration over the past 18 months.
Grinntech has developed energy storage solutions for electric vehicles and industrial applications. The acquisition is expected to advance battery performance, safety, and cost-efficiency, making clean energy solutions more accessible.
“We are excited to join Yuma Energy and contribute to the evolution of battery technology,” said Puneet Jain, Co-founder of Grinntech. Nikhilesh Mishra, Co-founder of Grinntech, added, “Together, we will drive innovation and support India’s transition to a sustainable future.”
Yuma Energy is a Battery-as-a-Service (BaaS) company in India, focused on accelerating the adoption of electric mobility through innovative energy solutions. The company provides battery swapping, intelligent charging infrastructure, and digital management platforms for businesses and individual users.
Grinntech Motors & Services Pvt. Ltd. is a Chennai-based start-up specializing in advanced energy storage solutions. The company focuses on battery technology for electric vehicles and industrial applications, offering high-performance, cost-effective, and safe energy storage systems.