Yuma Energy is set to enhance its battery capabilities through the acquisition of Grinntech

Yuma Energy, a Battery-as-a-service (BaaS) company in India has acquired Grinntech Motors & Services, a Chennai-based start-up company which works on the design and development of battery design and energy storage solutions. 

This takeover will help Yuma Energy’s plan to expand its battery development in India, with the integration of Grinntech’s expertise in battery technology, research and development, and manufacturing. 

Yuma Energy also focuses on developing a broader BaaS ecosystem, which will include battery design and development, improving charging infrastructure, a multi-city battery swapping system, and enhancing customer services. 

Muthu Subramanian, Managing Director & General Manager, Yuma Energy, expressed this occasion by saying, “This acquisition is a big strategic decision towards establishing our in-house expertise in battery management systems, advanced R&D, and manufacturing. By integrating Grinntech’s technology and manufacturing processes, we will be upgrading ourselves and will continue to lead the industry and provide a benchmark in customer services by enhancing the performance, reliability, and safety.” 

In January 2025, Yuma Energy and Grinntech worked together to develop a new battery, which was also introduced at the Bharat Mobility Auto Expo’s Bharat Battery Show held in New Delhi. 

This acquisition will be strengthening the partnership between the two companies, which is already ongoing from the past 18 months. Grinntech is constantly working on the battery solutions for electric vehicles and industrial applications. This acquisition will also lead to further developments in battery performance, safety and cost efficiency. 

Nikhilesh Mishra, Co-Founder of Grinntech said that, “We are excited to become a part of Yuma Energy’s journey and will contribute our technology and expertise in revolutionising battery tech. Together, we will be pushing the boundaries of innovation and will accelerate India’s transition towards sustainable mobility leading to a cleaner future.”