Kazam Teams Up with Yuma to Revolutionize Battery Swapping in India
Deal News | Apr 30, 2025 | Vertex Venture Management Pte

Kazam, a prominent EV charging solutions provider in India, has entered into a strategic partnership with Yuma Energy, a joint venture between Magna International and Yulu Bikes. This collaboration aims to introduce Yuma's battery-swapping technology into Kazam's Park & Charge hubs nationwide, providing a quick, efficient solution for commercial EV drivers to replace depleted batteries. The initiative, launched at Mahadevapura Park & Charge in Bangalore, seeks to enhance the convenience of EV charging across the country. Currently, Kazam operates 60 Park & Charge hubs in 10 states and manages another 200 hubs in partnership with major brands, enhancing the charging capabilities for a majority of two- and three-wheeler drivers in India's e-commerce and logistics sectors. Yuma Energy, known for its Battery-as-a-Service solutions, operates a highly reliable battery swapping network with significant uptime and quick swap times. The partnership leverages the strengths of both entities to expand the infrastructure necessary for promoting EV adoption. Additionally, this collaboration aims to bolster the e-mobility ecosystem by providing faster and more effective energy solutions to fleet drivers and e-commerce companies nationwide, contributing to decarbonizing the logistics industry. The initiative is a testament to the joint efforts in scaling up EV adoption in India, aligning with the mission of creating a sustainable and carbon-free future.
Sectors
- Electric Vehicles (EV)
- Energy Infrastructure
Geography
- India – The geographical focus is on India, where Kazam and Yuma are rolling out their battery-swapping service to support commercial EV drivers across the country.
Industry
- Electric Vehicles (EV) – This industry is relevant as the article centers around electric vehicle charging solutions and battery-swapping technology.
- Energy Infrastructure – Relevant due to Kazam's establishment and management of EV charging hubs and Yuma's battery-swapping network, which are critical components of energy infrastructure supporting the e-mobility ecosystem.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Kazam | Target/Partner | Company | Leading EV charging solutions provider in India, operating Park & Charge hubs. |
Yuma Energy | Partner | Company | A joint venture between Magna International and Yulu Bikes, specializing in Battery-as-a-Service solutions. |
Vertex Venture Management Pte. | Private Equity Firm | Company | PE firm associated with Kazam, facilitating its growth and strategic partnerships. |
Yulu Bikes | Parent Company | Company | Co-parent of Yuma Energy, involved in sustainable mobility solutions. |
Magna International | Parent Company | Company | Co-parent of Yuma Energy, a major automotive supplier. |