Yuma Energy has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) to significantly scale up battery swapping infrastructure across India. This collaboration marks a major milestone in advancing the country’s electric vehicle (EV) ecosystem.
Under the partnership, Yuma Energy will deploy battery swapping stations at HPCL’s vast network of over 24,000 retail outlets, with a focus on high-demand areas in metro cities and tier-2 towns. The initiative aims to support a wide range of EV users, including e-rickshaw drivers, gig-economy delivery personnel, commercial operators, and daily commuters.
The battery swapping stations will be powered by smart, AI-driven systems that respond to real-time demand and user needs, ensuring easy and quick access to fully charged batteries. This model addresses a critical challenge in India’s EV adoption—limited charging infrastructure—particularly for the fast-growing two- and three-wheeler segments.
Yuma Energy, a joint venture between shared mobility firm Yulu and global auto tech supplier Magna, operates as a Battery-as-a-Service (BaaS) provider. It has already completed over 35 million battery swaps and manages a network of more than 2,000 stations across 17 cities.
HPCL, a Maharatna company and one of India’s leading petroleum retailers, has been expanding its retail footprint to include integrated energy solutions. The partnership reflects HPCL’s shift toward cleaner energy alternatives while offering Yuma Energy a powerful platform for rapid national expansion.
Battery swapping technology enables EV users to replace depleted batteries with fully charged ones in minutes—reducing downtime, eliminating range anxiety, and enhancing operational efficiency for commercial fleets. With this collaboration, both companies aim to accelerate India’s transition to sustainable mobility.
