Yuma Energy secures $35M to scale battery-swapping network
Bengaluru-based Yuma Energy has raised $35 million in Series A funding from Magna International. The capital will fund expansion of its battery-swapping infrastructure, target new markets, and grow its customer base for electric two- and three-wheelers.
Sources: moneycontrol.com
“Magna’s investment signals growing corporate interest in India’s EV infrastructure, particularly for high-utilization fleets where battery-swapping offers a cost and time advantage over charging.”
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- Yuma Energy raises $35 million in Series A funding from Magna International — moneycontrol.com
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