MetLife

NEW YORK, September 29, 2025 /3BL/ – At the 2025 Global Citizen Festival, MetLife, a leading financial services company providing insurance and employee benefits, proudly announced becoming a major partner with Global Citizen, the world’s largest movement to end extreme poverty, with a new three-year partnership.

This new partnership leverages MetLife’s strengths and long history of enabling economic security, access to resources and resilience to thrive to further Global Citizen’s mission and address urgent challenges facing communities around the world. As a major partner of Global Citizen, MetLife will provide financial support, employee volunteerism and global reach to drive transformative initiatives in education and economic empowerment.

Additionally, MetLife Foundation is committing $9 million as a founding donor of the FIFA Global Citizen Education Fund. The Fund aims to raise $100 million to provide access to quality education and sport for children around the world. Since its founding nearly 50 years ago, educational support has been one of MetLife Foundation’s cornerstones. Today, financial education, STEM learning, mentoring and skills training are part of the Foundation’s giving to prepare students worldwide for brighter futures.

“At MetLife, we believe in being there for people and communities in the moments that matter, guided by our clear purpose of building more confident futures for all,” said Michel Khalaf, president and CEO of MetLife. “Our partnership with Global Citizen will drive positive change by promoting financial health, advancing educational opportunities and fostering strong and confident communities. Together with MetLife Foundation, we’re excited to partner with Global Citizen, and this partnership builds on MetLife Foundation’s legacy of more than $1 billion in giving since 1976.”

MetLife will also play a key role in supporting Global Citizen campaigns around the world, including the landmark Global Citizen Festival, which took place in New York’s Central Park today, bringing together artists, advocates and world leaders to drive action on the world’s most urgent challenges, as well as the Global Citizen NOW action summits.

“We believe wholeheartedly in the power of partnership to tackle the most complex issues our world is facing,” said Hugh Evans, Co-Founder and CEO of Global Citizen. “This new partnership between MetLife, MetLife Foundation and Global Citizen will be instrumental in growing our impact and serve as a critical catalyst in our shared vision to accelerate progress toward a world where everyone has the opportunity to thrive.”

Partners, leaders and global citizens everywhere are invited to join the movement here and take action.

About Global Citizen

Global Citizen is the world’s largest movement to end extreme poverty. Powered by a worldwide community of everyday advocates raising their voices and taking action, the movement is amplified by campaigns and events that convene leaders in music, entertainment, public policy, media, philanthropy and the corporate sector. Since the movement began, $49 billion in commitments announced on Global Citizen platforms has been deployed, impacting 1.3 billion lives. Established in Australia in 2008, Global Citizen’s team operates from New York, Washington DC, Los Angeles, London, Paris, Berlin, Geneva, Melbourne, Toronto, Johannesburg, Lagos and beyond. Join the movement at globalcitizen.org, download the Global Citizen app, and follow Global Citizen on TikTok, Instagram, YouTube, Facebook, X and LinkedIn.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit metlife.com.

About MetLife Foundation

At MetLife Foundation, we are committed to driving inclusive economic mobility. We collaborate with nonprofit organizations and provide grants aligned to three strategic focus areas – economic inclusion, financial health and resilient communities – while engaging MetLife employee volunteers to help drive impact. MetLife Foundation was established in 1976 to continue MetLife’s long tradition of corporate contributions and community involvement. Since its inception, MetLife Foundation has contributed over $1 billion to strengthen communities where MetLife has a presence. To learn more about MetLife Foundation, visit www.metlife.org.

Global Citizen:
media@globalcitizen.org

MetLife: Peggy Carlton
peggy.f.carlton@metlife.com

RED BANK, N.J., Sept. 30, 2025 /PRNewswire/ — When disaster strikes, REVA PROJECTS LLC offers more than just shelter; it offers dignity, safety, and hope. Inspired by personal challenges, founder Mariya Reva-Tamburrino turned crisis into purpose, designing innovative, rapidly deployable shelters that prioritize people’s needs – and their humanity.

REVA PROJECTS LLC provides temporary shelters for humanitarian assistance and disaster relief. Reva shelters are designed to address homelessness, refugee crises, extreme weather occurrences, and other emergency situations.

“The concept was born in 2012 after Superstorm Sandy when my parents were stuck in an apartment building in Brooklyn, New York for a week,” said Reva-Tamburrino. “They had no heat, no power, and were sharing food with their neighbors. They could not evacuate because they had pets, and other neighbors had medical conditions that would have made it impossible to live in a group housing setting. That’s when the idea clicked of building shelters that ensure privacy and personal needs are met in times of emergency.”

The REVA PROJECTS team designed modules that can be installed as individual lodgings or combined into multiple-unit dwellings. Each structure was carefully planned to allow assembly by two people in under three hours. The Reva Cold Shelter, designed by Max Borshchevskiy for REVA PROJECTS, is the company’s inaugural product.

“The modules can be assembled with gloves on in arctic settings,” Borshchevskiy said. “The applied aluminum grade ensures the frame remains durable yet lightweight. The material is recyclable, temperature- and corrosion-resistant, radiation-protected, and easy to clean. The front door of the structure can even be used as an emergency floatation device in case of a flood. We’re proud to say all materials used are sustainably sourced from NATO countries.”

The structure can endure temperatures as low as -22 degrees F/-30 degrees C. The sloped roof is aerodynamically shaped to withstand winds up to 180 mph/290 kph and to shed heavy snow loads. This design maximizes headroom inside the shelter, allowing for bunk beds to be placed along the south wall, where maximum natural light and heat are expected.

The top of the Reva Cold Shelter is shielded by marine-grade PVC vinyl. The soft cover also features waterproof zippers.

In extreme cold and high-altitude climates, the structure must be elevated and secured against winds. There are four footing options: rock, sand, mud/clay, and ice. Reva shelters can be deployed using any international power grid or generator and are capable of off-grid use. The Reva Cold Shelter supports add-on heating and air conditioning units and is operated by a power load center of 35 amps or more. Solar panels and battery systems are also available for sustainable off-grid power. Shelters feature interior LED lighting, which illuminates interior areas, while the reflective exterior offers visibility from evacuation vehicles.

The standard three-module configuration fits six people, has a 165-square-foot/15.329-square-meter interior, and weighs 1,940lb/880kg. REVA PROJECTS LLC developed a system that enables the frame to be flat-packed to fit within common shipping container sizes.

REVA PROJECTS LLC is a woman-owned international design studio and manufacturer of transitional architecture structures and emergency shelters, including the revolutionary Reva Cold Shelter, a customizable housing unit that adapts to the diverse requirements of those who need it most. Traditional disaster relief and temporary shelters often overlook the unique challenges of individuals in crisis. Many require space for pets, medical care, or mental health support – needs that demand privacy and adaptability. REVA PROJECTS LLC addresses these needs with a sustainable, environmentally conscious approach. The Reva Cold Shelter is built on cutting-edge design principles for enhanced thermal efficiency and structural integrity in arctic conditions. To learn more, visit RevaProjectsLLC.com.

Media Contact:
Shanna Schmidt
7324252429
401838@email4pr.com

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SOURCE REVA PROJECTS LLC

Gen Blog | Impact

By Kimberly Bishop, Corporate Responsibility

Last year, more than 67% of our team members participated in our volunteering and giving programs, logging 8,300 hours globally for the causes that matter to them. This showcases just how much Team Gen values giving in our communities. As we challenge ourselves to expand our programs, we listened to employee feedback to make community service easier and more personal to local needs.

We’re excited to introduce Passion to Purpose, the newest addition to our suite of volunteering and giving opportunities. This program allows employees all over the world to apply for Gen grants, which go to a nonprofit of their choice, and organize volunteer projects using the company’s reach and resources.

Together with our ongoing mentorship programs, which help employees put their skills and expertise to use in service to others; Passion to Purpose helps employees lead with heart, take bold action and drive lasting impact.

Passion to purpose drives global impact

In its first few weeks, Passion to Purpose has inspired employees to organize projects based on local needs. At our office in Chennai, India, our team members partnered with GiftAbled to host a workshop on creating an inclusive environment for people with disabilities. More than 30 employees attended the session, which also included an Indian Sign Language training.

Additionally, our MoneyLion office in Kuala Lumpur planned a hands-on volunteer experience to support indigenous communities and other community members in Peninsular Malaysia. The team partnered with local organization EPIC (Extraordinary People Impacting Communities), bringing together 70 employees for a two-day interactive workshop called The Good Builder.

Guided by experts, the MoneyLion team were trained to use various hand and power tools. This training enabled them to assemble 32 chairs, 32 tables, and six bookshelves for students at the Subang Bestari 2 National School, fulfilling a critical need for safe, sturdy classroom furniture. The training also certifies MoneyLion volunteers for future builds with EPIC Homes, a program that provides indigenous communities in Malaysia with safe homes that can be built in just three days.

Gen supported both events through grant funding and paid time off for team members to volunteer.

Cyber skills for the next generation

Through Passion to Purpose, Gen team members are also taking advantage of multiple opportunities to use their skills to volunteer, often in the form of mentorship programs to support students and emerging tech professionals.

Through our partnership with HBCU Heroes, Gen volunteers meet quarterly with students attending Historically Black Colleges and Universities (HBCUs) that are about to enter the workforce. The most recent session focused on mapping out students’ desired career journeys, and the final session will include mock interviews and prep for job hunting as students embark on their professional lives.

In addition, we hosted a reverse mentoring session with GirlBoss New Zealand. Gen provided full scholarships to 31 students, allowing them to attend the organization’s 10-day school holiday program. Through the program, young women were provided with a mentor and growth opportunities to build their confidence and leadership skills. We have also teamed up with #LatinaGeeks for workshops during National Hispanic Heritage Month to help Latinas build confidence and sharpen their professional communication and public speaking skills.

These efforts complement our signature partnerships with Women4Cyber and Czechitas to close the cybersecurity talent gap. Through a year-round mentorship program with Women4Cyber and a six-month studying and mentorship intensive with Czechitas, Gen employees work directly with women in Europe, providing them with the tools needed to enter the IT industry.

For more on how Gen team members make a difference in their communities, visit our 2025 Social Impact Report.

These grants were awarded from the Gen Foundation, a corporate advised fund of Silicon Valley Community Foundation.

September 30, 2025 /3BL/ – Sofidel has been awarded the Platinum Medal by EcoVadis – one of the main international ESG rating standards – for its commitment to sustainability.

This is the highest recognition in the EcoVadis rating, placing Sofidel in the top 1% of companies with the highest scores in the global EcoVadis database, confirming its work in the areas of Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

EcoVadis is a global provider of corporate sustainability ratings, with a network of over 150,000 companies assessed worldwide. Its methodology is based on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000.

Thank you to everyone whose hard work helped achieve this important result.

Verizon

Need to know:

  • The Bronx Writing Academy launched a Verizon Innovative Learning (VIL) Lab, equipping students with technology like 3D printers, VR gear, AI, and robotics.
  • This new lab is the 183rd VIL Lab nationwide and the sixth in New York City, part of a national commitment to provide 10 million students with digital skills training by 2030.

The Bronx Writing Academy is officially a new hub for hands-on, high-tech education with the launch of its new Verizon Innovative Learning (VIL) Lab. The new lab will give students access to virtual reality equipment, 3D printing stations, AI and robotics kits, augmented-reality apps and coding and game-design software.

“At Verizon, we are in the business of building networks and fostering connections,” said Vandana Venkatesh, Chief Legal Officer. “But the most powerful network isn’t made of fiber and wires. It’s made of people, ideas, and opportunities.”

With computer-focused jobs projected to grow by 10% by 2034, the new VIL Lab helps close the digital skills gap. The program is made possible via partnerships with Heart of America and the J. Orin Edson Entrepreneurship + Innovation Institute at Arizona State University. To date, the Verizon Innovative Learning initiative — which includes the 183 Labs, as well as other programs and efforts in over 660 schools — has reached nearly 9 million students nationwide, with a goal of reaching 10 million students by 2030.

A training ground for teaching emerging technologies

Yoli Stancil, a native New Yorker, Senior Vice President, Wireline Network Field Operations, and board member for Heart of America, highlighted how the new lab will bridge resource gaps and strengthen the community, empowering students to discover their potential both in and out of the classroom.

At the event, Olympic gymnast Hezly Rivera had this message for students, “The same discipline that allows me to stick a landing on the beam is the same discipline you will use to learn robotics.” She described the lab as a gymnasium for ideas to help students chase their own gold medals.

The VIL Lab program also provides teacher training, ongoing support and a curriculum that encourages students to use technology to solve real-world problems.

The United Nations (U.N.) called on member nations to commit “with the utmost urgency” to an ambitious goal of fast-tracking progress in fighting mental health issues and non-communicable diseases (NCDs), particularly high blood pressure—the largest risk factor for premature death in the world.

“We therefore commit, with the utmost urgency, to preventing and scaling up effective treatment of hypertension so that 150 million more people have hypertension under control by 2030,” the U.N. said in its declaration.

Hypertension, or high blood pressure, is the leading preventable cause of cardiovascular deaths, including stroke, heart attack, sudden death, heart failure, and end-stage renal disease.1 And the problem is rapidly worsening. Globally, 1.3 billion adults are living with hypertension, double the number since 1990. And only 1 in 5 (about 260 million) have it under control, according to the U.N.

“Current approaches to hypertension control are not enough,” said Jason Weidman, Senior Vice President and President, Coronary & Renal Denervation, at Medtronic. “But a new and promising field is emerging. One in which technological advancements can be harnessed for the treatment of uncontrolled hypertension, offering new hope to patients managing this global health challenge.”

Weidman joined a U.N. panel discussion focused on the need for action and how recently developed medical technology might help reach the U.N. goals.

For decades, medication and lifestyle changes were the only treatments for high blood pressure. But in November of 2023, the U.S. Food and Drug Administration approved the first-ever medical device procedures to treat high blood pressure. The Medtronic therapy is know as the Symplicity Spyral™ renal denervation procedure. See how it works.

“Medications and lifestyle changes were an effective approach for many but left a significant number of patients at elevated risk due to challenges with long-term medication adherence,” Dr. Taisei Kobayashi, Interventional Cardiologist at the University of Pennsylvania, told the U.N. panel. “The Symplicity Spyral renal denervation system — a one-time, minimally invasive procedure — can help patients with uncontrolled hypertension reduce their blood pressure.”*

The Medtronic Symplicity Spyral™ renal denervation procedure delivers radio frequency energy to nerves near the kidneys that can become overactive and contribute to high blood pressure. It’s now approved for commercial use in more than 75 countries around the world. See how the Symplicity blood pressure procedure helped Paul Griffin.

“We stand ready to integrate our renal denervation technology into both public and private healthcare systems,” Weidman said. “We’re prepared to partner at every level of care. Let us seize this opportunity to transform the landscape of NCDs, harness the power of innovation, and improve the health of generations to come.”

The U.N. declaration came at the Fourth High-level Meeting of the UN General Assembly on the prevention and control of NCDs and the promotion of mental health and well-being on Sept. 25. In addition to high blood pressure, the declaration also set worldwide goals of making access to mental health care available to 150 million more people by 2030, and reducing the number of people using tobacco, also by 150 million before 2030.

*Any views expressed by Dr. Kobayashi solely reflect personal opinion and do not reflect the views or opinions held by the University of Pennsylvania.

Important safety information about the Symplicity Spyral™ procedure can be found at BeyondHBP.com.

1 WHO. Hypertension fact sheet. September 13, 2019. Available at: https://www.who.int/news-room/fact-sheets/detail/hypertension . Accessed February 15, 2022.

NEW YORK, Sept. 30, 2025 /PRNewswire/ — Nuveen, a global investment manager, has acquired a majority interest in Ally Energy Solutions, LLC, a comprehensive energy solutions provider serving commercial and industrial (C&I) customers across the United States. The acquisition, made by Nuveen’s Private Equity Impact team, marks the sixth investment in Nuveen Climate Inclusion Fund II (NCIF II) and reinforces Nuveen’s commitment to promoting climate resilience through the decarbonization and modernization of the U.S. energy landscape.

Nuveen’s Climate Inclusion strategy seeks to address two of the greatest sustainable development challenges: climate change and inequality. By investing in businesses that drive an inclusive transition to a low-carbon economy, the strategy aims to generate strong financial returns while delivering measurable social and environmental impact.

Founded in 2014, Ally serves a unique segment of the market, executing complex energy projects nationally for large C&I clients. The company delivers turnkey power solutions, including distributed clean energy resources, power factor correction, back-up power generation, electrical infrastructure upgrades, and energy efficiency measures.

Following the transaction, Brian Walterbach will assume the role of Chief Executive Officer, succeeding Shane Mathis, who will transition into the role of Chief Strategic Officer. Mr. Walterbach has led day-to-day operations and sales at Ally and brings deep operational expertise and a compelling vision for the company’s future.

“Our national implementation capability has positioned Ally as a preferred long term execution partner for Fortune 500 clients seeking scalable, multi-site energy upgrades,” said Brian Walterbach. “Nuveen’s investment will accelerate our next phase of growth and impact, helping us expand our reach and deepen our ability to deliver measurable operating cost and emissions reductions for clients nationwide.”

“Continued growth in electrification, data centers, and advanced manufacturing is driving unprecedented demand for power and electrical services,” said Ted Maa, Managing Director of Private Equity Impact Investing at Nuveen. “Ally’s impressive results and growth to-date align well with our goal of providing clean, resilient power to mission-critical C&I end users. We’re thrilled to partner with management in this next phase of growth.”

To date, Ally has completed over 1,000 energy projects, resulting in approximately 578,000 tons of cumulative CO₂ emissions avoided, 60 MW of grid peak load reduction, $276 million in customer cost savings and $55 million in cash credits generated.

Nuveen has long been a leader in pursuing positive social and environmental impact alongside competitive financial returns across a broad range of asset classes, offering a range of investment opportunities that support positive outcomes in both private and public markets. As of June 30, 2025, Nuveen has deployed over $24.1 billion in direct impact holdings that deliver measurable social and environmental benefits to people, communities and the planet.

Gibson, Dunn, & Crutcher LLP served as legal counsel to Nuveen in connection with the transaction. FMI Capital Advisors acted as financial advisor and Dentons US LLP as legal advisor to Ally Energy Solutions.

Media Contact
Andrew Chironna | Andrew.Chironna@nuveen.com | 212-913-1015

About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 30 June, 2025 and operations in 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Nuveen, LLC provides investment solutions through its investment specialists.

Nuveen Climate Inclusion Fund II is only available to accredited investors.

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SOURCE Nuveen

ZAPORIZHZHIA, Ukraine, Sept. 30, 2025 /PRNewswire/ — In a remarkable case that underscores both clinical ingenuity and the global urgency of maternal health, Ukrainian physicians turned to a battlefield bleeding control intervention in a last-ditch effort to save a young mother experiencing severe postpartum hemorrhage (PPH). The case marks the first documented use of the Abdominal Aortic and Junctional Tourniquet – Stabilized (AAJT-S) to manage uncontrolled bleeding after childbirth — with life-saving results.


 

Olya, a mother of five, had just completed what appeared to be a fast, routine labor when she suddenly began to bleed uncontrollably. Standard interventions, including uterotonics such as Pitocin, failed to stop the hemorrhage. Facing a rapidly deteriorating situation, Dr. Yevheniia Poliakova made the decision to use the AAJT-S.

Dr. Yevheniia Poliakova, the attending physician, had previously studied advanced hemorrhage control tools used in military medicine, including the Abdominal Aortic and Junctional Tourniquet – Stabilized (AAJT-S) — an FDA-cleared device indicated to control difficult-to-manage bleeding in the abdomen, pelvis, inguinal region, and axilla.

“She was one of four patients in our feasibility study using the AAJT to treat postpartum hemorrhage, and her bleeding completely stopped following the application of the device,” said Dr. Yevheniia Poliakova. “It gave us the time we needed to stabilize her and begin surgical intervention. We have since gone on to use the AAJT in four additional patients, bringing our total to eight — with 100% success and no complications.”

Olya remembers only fragments of the day — but enough to understand just how close she came to losing her life.

“This was my fifth delivery. I have five wonderful children, all delivered by Dr. Yevheniia,” Olya said. “Everything went very well, but very quickly — just around two hours. When the baby was already in my arms, I felt okay. But then, something started to feel wrong. Doctors kept checking on me. Then I started to feel… not very good. They gave me medicine and said, ‘Don’t worry, you will sleep now. Everything will be fine.”


The next thing I remember, I woke up in the hospital. I was alive. My baby was there. I don’t know how the device works. But I believe, thanks to it — and thanks to my doctor — I’m here. I’m alive for my children.”

A Global First in Postpartum Hemorrhage Care

The initiative was led by Dr. Viktor Oshovskyy, whose foresight enabled exploration of trauma technology in obstetric emergencies. To date, eight patients with severe postpartum hemorrhage have been treated using the AAJT-S at the facility — with 100% survival and no complications reported.

This case marks the first documented use of the AAJT-S in a postpartum hemorrhage setting — and adds to the more than 70 peer-reviewed studies and growing clinical evidence supporting its use in managing life-threatening hemorrhage.

Originally developed for battlefield trauma, the AAJT-S is the only device FDA-cleared to occlude blood flow in the abdominal aorta — enabling rapid hemorrhage control when standard interventions fail. While not yet indicated for obstetric use, this case study offers a compelling look at how trauma-informed technologies may help address one of the leading causes of maternal death worldwide.

“Dr. Poliakova acted with courage and clarity in an environment where maternal hemorrhage claims lives far too often,” said Scott Dodson, CEO of Compression Works. “What she did — and what her patient survived — matters deeply in this moment of global maternal health crisis.”

A Call for Global Attention

Globally, postpartum hemorrhage affects more than 14 million women each year and is responsible for approximately 70,000 maternal deaths — accounting for over 20% of all maternal mortality worldwide. Maternal mortality from hemorrhage remains a devastating challenge — particularly in resource-limited settings across Eastern Europe, Sub-Saharan Africa and Southeast Asia. From Ukraine to Uganda, emergency obstetric care teams continue to seek better tools, faster responses, and more adaptable treatment options.

This case study points to the urgent need for adaptive technologies that can be deployed rapidly in both hospital and prehospital environments.

About the AAJT-S

The Abdominal Aortic and Junctional Tourniquet – Stabilized (AAJT-S) is an FDA-cleared and CE-marked hemorrhage control device designed to occlude blood flow in the abdomen, pelvis, inguinal region, and axilla. It is the only device of its kind capable of achieving aortic occlusion outside the operating room. The AAJT-S is currently used across military, prehospital, and hospital settings around the world.

See the published abstract: Temporary aortic occlusion with the abdominal tourniquet for refractory postpartum hemorrhage available via PubMed

HEMORRHAGE STOPS HERE!

About Compression Works

The AAJT-S is designed by a team dedicated to addressing the most pressing needs of emergency and battlefield medicine.

For more information about Compression Works, the AAJT-S, and our latest news and studies, visit our Newsroom.

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SOURCE Compression Works

HYDERABAD, India, Sept. 30, 2025 /PRNewswire/ — According to a recent report by Mordor Intelligence, the electric vehicle battery swapping market size is estimated at USD 1.62 billion in 2025 and is projected to reach USD 5.93 billion by 2030, advancing at a 29.65% CAGR during 2025–2030. The electric vehicle battery swapping market outlook highlights how battery swapping addresses key challenges in EV adoption by minimizing charging downtime, reducing upfront costs through Battery-as-a-Service (BaaS) models, and supporting large-scale electrification of two- and three-wheelers. With governments and private players investing in standardized infrastructure, battery swapping is emerging as a vital enabler for sustainable mobility across both developed and emerging markets.

Mordor Intelligence logo

Trends Influencing Market Growth

Standardization of Battery Format:  Efforts are underway to create uniform battery sizes and interfaces, enabling compatibility across different vehicles and reducing the need for multiple battery inventories.

Subscription / Battery-as-a-Service (BaaS):  Battery ownership is shifting to subscription models, lowering upfront costs in electric vehicle market and offering predictable monthly expenses, especially appealing for fleets.

Automated Swapping Stations:  Robotic and automated systems are being introduced to make battery exchanges faster, safer, and more efficient compared to manual swapping.

Second-Life Battery Use:  Swapped batteries are repurposed for stationary energy storage or backup systems, creating additional revenue streams and supporting sustainability.

Hybrid Charging and Swapping Models:  Operators are combining swap stations with conventional charging points, providing flexibility and ensuring wider adoption of EV infrastructure.

Segmentation Landscape

By Vehicle Type

  • Two-Wheeler
  • Three-Wheeler
  • Four-Wheeler
  • Others

By Services

  • Subscription
  • On-Demand

By Station Type

  • Manual
  • Automated

By Battery Type

  • Lithium-ion
  • Lead-acid

Access the full report details to gain in-depth insights and analyze market trendshttps://www.mordorintelligence.com/industry-reports/electric-vehicle-battery-swapping-market?utm_source=prnewswire

Regional Growth Insights 

North America

North America is steadily building its electric vehicle battery swapping ecosystem, with pilot projects and partnerships involving automakers, energy providers, and technology firms. The United States is focusing on urban hubs and fleet-based applications, while Canada is exploring swapping solutions as part of its broader clean transportation agenda.

Europe

Europe is advancing battery swapping through strong policy support for EV adoption, carbon-neutral mobility goals, and collaborative infrastructure projects. Countries such as Germany, France, and the Netherlands are testing standardized swapping stations, with emphasis on integration into public transport and shared mobility services.

Asia-Pacific

Asia-Pacific leads the global market, driven by large-scale adoption in China, India, and Southeast Asia. High population density, extensive two- and three-wheeler usage, and government-backed electrification programs are fueling rapid expansion. China is at the forefront with nationwide rollouts, while India is accelerating adoption through fleet operators and urban mobility initiatives.

South America

South America is in the early stages of adopting battery swapping, with Brazil and Chile emerging as test beds for electric mobility infrastructure. Initiatives are focused on reducing reliance on imported fuel, improving fleet operations, and enhancing sustainable transport solutions in urban centres.

Middle East & Africa

The Middle East and Africa are exploring battery swapping as part of broader clean energy and mobility initiatives. The UAE and Saudi Arabia are investing in pilot projects tied to smart city development, while African nations are beginning to view swapping as a practical solution for cost-effective EV adoption in commercial and public transport fleets.

Companies Shaping the Market

  • Amara Raja Group
  • Ample
  • Aulton New Energy Automotive Technology Co. Ltd
  • Battery Smart
  • Bounce Infinity
  • Esmito Solutions Pvt Ltd
  • Gogoro
  • IMMOTOR
  • Kwang Yang Motor Co. Ltd (KYMCO)
  • Lithion Power Private Limited

These companies are actively working on expanding swapping station networks, standardizing battery formats, and developing flexible service models while collaborating with automakers, fleet operators, and governments to accelerate adoption across both developed and emerging regions.

Check out related reports published by Mordor Intelligence:


EV Solid-state Battery Market

: The EV Solid-State Battery Market is valued at USD 0.26 billion in 2025 and is projected to reach USD 1.69 billion by 2030, registering a CAGR of 45.39% during the forecast period. Growth is driven by rising demand for safer and higher-energy-density batteries, accelerating electric vehicle adoption, and increasing investments from automakers and technology companies to commercialize solid-state battery technology for next-generation mobility solutions.


Battery As A Service Market:
 The Battery-as-a-Service Market size is valued at USD 0.74 billion in 2025 and is projected to reach USD 2.59 billion by 2030, registering a CAGR of 28.43% during the forecast period. Growth is driven by the rising adoption of electric vehicles, increasing preference for flexible battery subscription models, and expanding investments in swapping infrastructure and mobility-as-a-service ecosystems.


Nickel-based Batteries for Electric Vehicles Market

: The Nickel-based Batteries for Electric Vehicles Market size is valued at USD 2.37 billion in 2025 and is projected to reach USD 2.87 billion by 2030, registering a CAGR of 3.93% during the forecast period. Growth is driven by the rising adoption of electric mobility, increasing demand for high-energy density storage solutions, and the continued use of nickel chemistries in hybrid and long-range EV applications.

About Mordor Intelligence

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, and logistics.

For any inquiries, please contact:

media@mordorintelligence.com

https://www.mordorintelligence.com/contact-us

Logo: https://mma.prnewswire.com/media/2746908/Mordor_Intelligence_Logo.jpg

 

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SOURCE Mordor Intelligence Private Limited

FORT LAUDERDALE, Fla., Sept. 30, 2025 /PRNewswire/ — Credit card debt is increasingly being blamed for the breakdown of marriages, according to Debt.com’s fourth-annual Debt and Divorce survey. This year, 42% of divorced Americans said credit card debt and spending contributed to their split—a sharp rise from 34% last year and 29% in 2023.


 

The survey revealed that younger generations are especially vulnerable. Gen Z respondents were the most likely to cite credit card debt as a factor in their divorce, with nearly two-thirds pointing to it. Millennials followed closely, while Gen X and Baby Boomers reported lower, but still significant rates.

“Couples will talk about everything from where to live to how many kids to have—but too many still avoid talking about money,” said Howard Dvorkin, CPA and Chairman of Debt.com. “When credit card debt goes unaddressed, it doesn’t just strain a budget—it strains a marriage. Our survey shows younger generations are paying the highest price for staying silent.”

Despite the growing financial strain, nearly two-thirds of respondents admitted they never sought professional help before filing for divorce. That includes financial planners, nonprofit credit counseling agencies, or debt settlement companies.

Financial Infidelity Is Widespread

Financial secrecy also played a major role. More than one-third of respondents said they or their spouse hid credit card debt during their marriage. Gen Z again led the way, with over half admitting to hiding debt. And for the first time, the survey asked whether hiding credit card debt should be grounds for divorce—38% said yes.

“Credit card debt has quietly become one of the leading homewreckers in America,” Dvorkin added. “It’s not just the balances, it’s the secrecy, the stress, and the silence. Until couples treat debt like the life-changing issue it is, we’ll keep seeing love lost to late fees.”

The emotional toll of financial dishonesty is clear. Nearly 70% of respondents agreed that hiding credit card debt constitutes “financial infidelity.” Yet despite these strong feelings, most couples didn’t seek help. Only a small fraction enrolled in debt management programs or consulted financial professionals.

Divorce Takes A Toll

The aftermath of divorce often brought more financial hardship. Over half of respondents said they took on new debt after their split, with 26% taking on five-figure balances over $10,000. Many also saw their credit scores drop—some by more than 50 points.

Income changes were common as well. Nearly one-third said their household income decreased by more than 25% within a year of their divorce. Others saw increases, but the financial instability was widespread.

When asked whether they recovered faster emotionally or financially, 27% said they handled the financial aspect more quickly. Still, a 20% reported they’re still recovering—either emotionally or financially.

Debt.com’s survey paints a sobering picture: credit card debt isn’t just a financial issue—it’s a relationship killer. And while the numbers continue to rise, the lack of professional intervention suggests many couples are struggling in silence.

About Debt.com

Debt.com is a trusted source for consumers seeking help with credit card debt, student loans, tax debt, credit repair, and more. By connecting people with vetted financial professionals and educational tools, Debt.com empowers Americans to make smart money decisions and regain control of their finances.

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SOURCE Debt.com

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