Yuma Energy acquires Chennai-based Grinntech to boost battery solutions
Battery-as-Service (BaaS) firm, on Thursday announced the acquisition of Chennai-based energy storage solutions start-up Grinntech Motors & Services for an undisclosed sum. Integrating Grinntech's expertise in battery technologies, R&D, and manufacturing will enable Yuma Energy to build a vertically integrated BaaS ecosystem that encompasses battery design and production, intelligent charging units, a multi-city swapping network, technology-driven operations, and a seamless customer app, the company said.
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With its broad portfolio and efficient energy infrastructure, Yuma Energy is well-positioned to lead the rapidly growing electric mobility market in the country, it said.
Grinntech has developed solutions tailored to the evolving energy needs of electric vehicles and industrial applications, Yuma said, adding that this acquisition will enable rapid advancements in battery performance, safety, and cost-effectiveness, making clean energy solutions more accessible.
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It also said the buyout furthers Yuma Energy's mission to accelerate the adoption of clean energy solutions by individual users and businesses.
«This acquisition is a strategic step towards bolstering our in-house expertise in battery management systems, advanced R&D, and manufacturing,» said
