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Magna increases bet on battery swapping in India with $35M for Yuma

TechCrunch • Tue, 01 Sep 2026

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.

What happened?

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.

Story details

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.

Why it matters

This story helps build a stronger internal English tech archive around Technology, giving search visitors more reasons to keep browsing the site instead of bouncing after a single headline.

Original source

https://techcrunch.com/2026/08/31/magna-increases-bet-on-battery-swapping-in-india-with-35m-for-yuma/