Yuma Energy raises $35 million from Magna to scale battery swapping network
Yuma Energy’s battery swapping joint venture raised $35 million in an internal Series A from Magna International. Management said most proceeds will add more battery units across existing geographies.
New Delhi, Sept.
1 -- Battery swapping joint venture Yuma Energy has raised $35 million in its internal Series A round from Magna International, the company announced on Tuesday."A majority of the fundraise will be used to add more battery units across our existing geographies," said Muthu Subraman…