Bosch, Mitsubishi Corporation and Blue Park Smart Energy Technology (BPSE) have recently agreed into a cooperation to create a new service to enable ‘Battery as a Service’ (BaaS) business model for global markets. The companies will conduct a Proof of Concept in China, and aim to provide the solution worldwide.
The partnership aims to share synergies between the companies by leveraging Bosch’s Battery in the Cloud technology, Mitsubishi Corporation’s battery service commercialization capability and BPSE’s battery swapping platform. The new business model will provide insights and optimized use of EV batteries, thereby reducing initial investment costs– a major inhibitor to mass electrification of fleets.
Battery swapping scheme is considered as one major solution in providing higher efficiency for the utilization of the EVs with maximizing their availability. The parties are applying Bosch’s technology to battery swapping stations developed by BPSE and create a service to enable financing partner to develop a FINTEC based battery financing business to reduce the total ownership cost of commercial EV fleet.
Battery-in-the-cloud will continuously monitor and analyze the battery using AI, providing control to the battery to maximize the life and performance, and optimize the TCO of the Fleet.
The companies say that by developing and providing a service to predict health, capabilities and optimal usage of the battery over lifetime, and monitor the battery status and provide insight of the battery for the mobility service providers and financial institutions by a neutral and professional 3rd party asset management service, the parties will aim to reduce the major factors preventing the electrification.
By providing this neutral and professional 3rd party asset management service of the battery, Bosch and Mitsubishi Corporation aims to further electrification of commercial EV fleets and improve utilization of used batteries in the 2nd life market and reduce the TCO of the fleets.