A propulsion system includes an electric drive, a first energy storage system electrically coupled to the electric drive through a DC link, and a second energy storage system electrically coupled to the first energy storage system in a series connection. The first energy storage system comprises a high specific-energy storage device; the second energy storage system comprises a high specific-power storage device. The propulsion system also includes a bi-directional boost converter electrically coupled to the first and second energy storage systems such that a terminal of the first energy storage system is electrically coupled to a low voltage side of the bi-directional boost converter and a first terminal of the second energy storage system is coupled to a high voltage side of the bi-directional boost converter. The series connection bypasses the bi-directional boost converter.