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Magna increases bet on battery swapping in India with $35M for Yuma

Magna International is increasing its investment in Yuma Energy by $35 million, enhancing its stake in the battery-swapping network for electric two- and three-wheelers. With a goal of reaching EBITDA break-even soon, Yuma plans to double i...

TechCrunch· Sep 1, 2026 · 8:15 AM · 33 views

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Magna International is increasing its investment in Yuma Energy by $35 million, enhancing its stake in the battery-swapping network for electric two- and three-wheelers. With a goal of reaching EBITDA break-even soon, Yuma plans to double its battery fleet and expand internationally. Full story and more reels: https://newsreel.video #news #breaking #electricvehicles #investment #India

Originally reported by TechCrunch. Read the full story →

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