Yuma Energy, a Battery-as-a-Service (BaaS) company backed by Yulu and Magna International, acquires Grinntech Motors & Services Pvt. Ltd., a Chennai-based battery solutions company. The acquisition will enable Yuma Energy to build a 𝐯𝐞𝐫𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐁𝐚𝐚𝐒 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 encompassing battery design and production, intelligent charging units, a multi-city swapping network, technology-driven operations, and a seamless customer app. In January 2025, Yuma Energy had unveiled its battery developed in collaboration with Grinntech. The acquisition is a progression of the partnership between the two companies over the past 18 months.