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Magna Increases Stake in Yuma Energy to $87 Million · Digg

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Magna Increases Stake in Yuma Energy to $87 Million

Canadian supplier boosts majority stake in Indian battery-swapping startup after new round.

Yuma Energy raised $35 million in Series A funding from Magna International. The round lifts Magna's total investment in the Indian battery-swapping firm to $87 million and strengthens its majority position. Reports state the capital will expand the swapping network, grow the customer base, and improve the technology platform. TechCrunch and Inc42 both covered the transaction as a follow-on commitment by the Canadian auto supplier.

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2 posts, first seen 5d ago

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Magna Increases Stake in Yuma Energy to $87 Million

Canadian supplier boosts majority stake in Indian battery-swapping startup after new round.

Yuma Energy raised $35 million in Series A funding from Magna International. The round lifts Magna's total investment in the Indian battery-swapping firm to $87 million and strengthens its majority position. Reports state the capital will expand the swapping network, grow the customer base, and improve the technology platform. TechCrunch and Inc42 both covered the transaction as a follow-on commitment by the Canadian auto supplier.

Posts from X

2 posts

TE
TechCrunch@TechCrunch 5 days ago
Magna's investment in Yuma Energy has reached $87 million as the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm. https://spr.ly/6012B1Arfp
Magna increases bet on battery swapping in India with $35M for Yuma | TechCrunchFrom techcrunch.com
- likes: 21
- replies: 4
- bookmarks: 4
- reposts: 6
IN
Inc42@Inc42 5 days ago
🔋 Yuma Energy Raises $35 Mn To Expand Battery Swapping Network 👇 Battery swapping platform Yuma Energy has raised $35 Mn in a Series A round from existing backer Magna International. The startup plans to use the fresh capital to expand its swapping network, grow its customer…
Yuma Energy Bags $35 Mn To Expand Battery Swapping NetworkFrom 4-2.co
- likes: 11
- replies: 0
- bookmarks: 1
- reposts: 3

Combined views

38.6K

2 posts, first seen 5d ago

32 likes4 comments5 saves9 reposts

Posts from X

2 posts

TE
TechCrunch@TechCrunch 5 days ago
Magna's investment in Yuma Energy has reached $87 million as the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm. https://spr.ly/6012B1Arfp
Magna increases bet on battery swapping in India with $35M for Yuma | TechCrunchFrom techcrunch.com
- likes: 21
- replies: 4
- bookmarks: 4
- reposts: 6
IN
Inc42@Inc42 5 days ago
🔋 Yuma Energy Raises $35 Mn To Expand Battery Swapping Network 👇 Battery swapping platform Yuma Energy has raised $35 Mn in a Series A round from existing backer Magna International. The startup plans to use the fresh capital to expand its swapping network, grow its customer…
Yuma Energy Bags $35 Mn To Expand Battery Swapping NetworkFrom 4-2.co
- likes: 11
- replies: 0
- bookmarks: 1
- reposts: 3