Magna increases bet on battery swapping in India with $35M for Yuma
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.
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India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand
Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases.
