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Magna increases bet on battery swapping in India with $35M for Yuma
Source: TechCrunch
M&A & RestructuringRenewable Energy TransitionCompany Fundamentals
Magna’s investment in Yuma Energy has reached $87 million as it increases its majority stake in the Indian battery-swapping firm. The move signals deeper commitment to battery-swapping infrastructure, which may support longer-term growth optionality for Magna’s mobility ecosystem.
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