Yuma Energy
Clean Tech • Electric Vehicles
Amount Raised
$35M
~ ₹292.3 Cr
Round & Type
Series A
Corporate Venture Capital
Funding Date
Sep 1, 2026
Q3 2026
Lead Investor
Magna International Inc.
info
Company Overview & Solution
An Indian battery-swapping network for electric mobility, formed as a joint venture between Yulu and Magna International.
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Product & Solution
Battery-swapping infrastructure platform with over 100,000 batteries deployed across charging units and touchpoints.
target
Target Market & ICP
Electric vehicle users, fleet operators, and OEM partners in India.
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Deal Terms & Syndicate Intelligence
Funding Round
Series A
Funding Type
Corporate Venture Capital
Amount Raised (USD)
$35M
Amount (INR / Original)
₹292.3 Cr
Date of Funding
Sep 1, 2026
Lead Investor
Magna International Inc.
Syndicate / All Backers
Magna International Inc.
Investor Structure
1 Investor(s) • Corporate
Use of Funds
To accelerate the expansion of its battery-swapping infrastructure across India, add more battery units across existing geographies, enter new cities, and support its goal of achieving EBITDA-positive operations by FY27.
business
Company Profile & Footprint
Industry
Clean Tech
Sub-Industry
Electric Vehicles
Business Model
B2B2C
Year Founded
N/A
Team Size at Funding
N/A
Headquarters
Bengaluru
Offices across India
Delhi NCR
groups
Leadership & Executive Intelligence
verified
Verified Primary Sources & Coverage