TOKYO, Mar 4, 2022 - (JCN Newswire via SEAPRWire.com) - Bosch, Mitsubishi Corporation and BPSE have recently agreed into a cooperation to create a new service to enable Battery as a Service business model by leveraging Bosch's Battery in the Cloud technology, Mitsubishi Corporation's battery service commercialization capability and BPSE's battery swapping platform.Bosch Battery in the CloudBPSE Battery Swapping Station The demand for electrification is increasing day by day, but the initial investment cost to deploy an EV fleet, the down time during charging, and the uncertain of the battery are some of the major factors preventing electrification of commercial 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 creating a new service by applying Battery-in-the-cloud technology developed by Bosch. Battery-in-the-cloud will continuously monitor and analyze the battery using AI, providing control to the battery to maximize the life & performance and optimize the TOC of the EV Fleet. The parties will apply this technology to the Battery swapping platfor...