Battery-as-a-Service Mitsubishi Motors and Bosch Establish a Joint Venture

From Stefanie Eckardt | Translated by AI 1 min Reading Time

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EU Commission approves joint venture for Battery-as-a-Service solutions. Focus on leasing providers and fleet operators.

In the joint venture Bosch MC Battery Service Innovations founded with Mitsubishi, the German automotive supplier Bosch contributes its "Battery-in-the-Cloud Services".(Image: Bosch)
In the joint venture Bosch MC Battery Service Innovations founded with Mitsubishi, the German automotive supplier Bosch contributes its "Battery-in-the-Cloud Services".
(Image: Bosch)

Bosch and the car manufacturer Mitsubishi aim to establish a Battery-as-a-Service business model based on a battery exchange platform. To this end, the partners plan to establish a joint venture called Bosch MC Battery Service Innovations, for which the EU Commission has now given the green light.

In the new company, both partners will each hold 50 percent of the shares, as stated in the description in the publicly accessible register. The offer is aimed at customers in the European Union, Japan, China, the USA, and India. The focus will be on the development and distribution of "BaaS enablement solutions" and consulting services. Bosch MC Battery Service Innovations is therefore intended to provide the infrastructure to drive the battery-as-a-service business of its customers.

Target Group Leasing Companies and Fleet Operators

The target group includes leasing companies, battery swapping companies, fleet operators, battery energy storage operators, and insurance companies. Battery-as-a-Service (BaaS) is intended to offer fleet operators the advantage of marketing the battery separately from the vehicle. This potentially reduces maintenance costs and helps to quickly adapt to the rapidly evolving battery technology.

The batteries can be gently charged in the exchange station, which can significantly extend the lifespan of the cells. This is where Bosch's Battery-in-the-Cloud solution comes into play, continuously monitoring the batteries within this approach. (sp)

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