India1 min read

Yuma Energy raises $35 million from Magna to expand battery swapping network

Battery swapping network Yuma Energy has raised $35 million in Series A funding from Magna International, as the company looks to expand its battery swapping infrastructure across India and work towards achieving EBITDA-positive operations by FY27.

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The News Flicker

Yuma Energy raises $35 million from Magna to expand battery swapping network

Battery swapping network Yuma Energy has raised $35 million in Series A funding from Magna International, as the company looks to expand its battery swapping infrastructure across India and work towards achieving EBITDA-positive operations by FY27.

Battery swapping network Yuma Energy has raised $35 million in Series A funding from Magna International, as the company looks to expand its battery swapping infrastructure across India and work towa…

Originally published by BusinessLine. Read the full article →

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The News Flicker·September 1, 2026