Yulu 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’. Yulu invested early-on in creating technology and on-ground infrastructure needed to perform battery swapping operations at scale. And today, as India’s largest shared EV player with over 10,000 EVs on the road, its operations are powered by the time-tested and technology-powered ‘Max Network’.
Over the last 3 years, Yulu has continuously invested in building its product, technology and ecosystem for shared usage in Indian conditions and context. As a result, it is one of the very few players that have stood the test of time and persistently worked on the challenges and complexities of building shared mobility. 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, “Completing 3 million swaps as India’s largest Battery-as-a-Service (BaaS) is a great milestone, and in a way it’s just the start. As the largest player in shared EV mobility, Yulu has always thought of mobility and energy together, and hence has focused on building both of these in tandem, right from the start. The Max Network is an AI-powered and IOT-enabled, intelligent network that allows us to run our operations in an automated and efficient manner. 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 policy, announced by the Hon’ble Finance Minister in the Union Budget 2022, will focus on developing a complete framework to encourage battery swapping, including regulatory, operational, and technological factors. As a company with deep experience in operating shared mobility on the ground, Yulu is actively contributing to the policy discussions with policy makers and key Government offices and we hope to collaborate with them to create a policy roadmap that will help accelerate and scale up the infrastructure for EVs and shared mobility in the country.” added Gupta.
The Max Network by Yulu uses Machine Learning (ML) & Artificial Intelligence (AI) to predict & fulfill battery requirements across its network based on demand patterns & trends, to ensure uninterrupted energy availability to its users. Yulu leverages its core mobility data to decide the location of its Max Stations and provide a conveniently accessible network of battery swapping stations 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 EV’s, and help accelerate the electrification of both personal and shared mobility in India.