United States Battery as a Service Market Poised for Rapid Growth: Transforming EV Ownership & Energy Solutions 2025 | Major key players - Ample, Bounce Infinity, Esmito Solutions Pvt Ltd

Market Size and Growth:

The Global Battery as a Service Market size reached US$ 1.71 billion in 2024 and is expected to reach US$ 11.20 billion by 2032, growing with a CAGR of 26.50% during the forecast period 2025-2032.

The Battery as a Service Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Battery as a Service market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Battery as a Service (BaaS) Market refers to a business model where consumers lease or subscribe to batteries instead of purchasing them outright. It enables quick battery swapping, reduces upfront costs of electric vehicles, extends battery lifecycle management, and promotes sustainable energy use. BaaS enhances convenience, affordability, and adoption of electric mobility and renewable storage solutions.

Recent Key Developments of United States (U.S):

US-based battery startup acquires key assets: In August 2025, U.S. company Lyten acquired a significant portion of Swedish battery maker Northvolt's operations, including its gigafactory and energy storage unit. This strategic move aims to expand Lyten's presence in the BaaS sector and revitalize European battery manufacturing.

Increased focus on industrial electrification: The electrification of industrial sectors like logistics, construction, and manufacturing is a major driver for BaaS demand. This is being addressed by companies offering heavy-duty battery leasing solutions, which help businesses reduce emissions and improve operational efficiency.

Government policies and incentives The US government is supporting the growth of the BaaS market with favorable policies and incentives. This includes federal tax credits for EV purchases and billions of dollars allocated through the Bipartisan Infrastructure Law for developing EV charging and battery infrastructure, which in turn supports the BaaS model.

Strategic acquisitions and collaborations: In July 2025, FlexGen Power Systems filed a bid to acquire rival Powin, a U.S.-based battery energy storage system (BESS) integrator. This highlights ongoing consolidation and strategic maneuvering within the energy storage and BaaS markets.

Rising battery costs drive subscription models: The high cost of EV batteries is pushing consumers and businesses towards subscription-based BaaS models. In the US, this is a key strategy for companies to lower the upfront cost of electric vehicles, making them more accessible to a wider market.

Key Players:

Ample
Bounce Infinity
Esmito Solutions Pvt Ltd
Gogoro
Immotor
NIO Power
Numocity
Octillion
Sun Mobility Private Limited
Upgrid Solutions Private Limited

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Market Segmentation:

By Battery Capacity: Bellow 10 KWH, 10-50 KWH, 51-100 KWH, More than 100 KWH.

By Vehicle Type: Two-Wheelers, Three-Wheelers, Passenger Vehicles, Commercial Vehicles.

By Service: Battery Subscription, Pay-Per-Use.

By End User: Private, Commercial.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Battery as a Service market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Battery as a Service Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Battery as a Service market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Battery as a Service Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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