Yuma Energy raises $35 million from Magna to double its battery-swapping network and expand into new markets.
Amount Raised
$35 Million
Round Type
Venture
BengaluruManufacturingEnergyRenewable EnergyAutomotiveElectric VehicleBatteryInvestors
Description
Yuma Energy has secured $35 million in a funding round led by Magna International. This capital will be used to double its battery-swapping network and enhance its presence in existing cities. The investment is primarily in the form of primary capital, focusing on expanding Yuma's battery fleet. Muthu Subramanian, managing director and general manager, shared insights about the company's growth plans.
Quick answer
Yuma Energy raised $35 Million in a funding round, dated September 1, 2026. Investors: Magna International. Yuma Energy is based in Bengaluru, Karnataka, India.
- How much did Yuma Energy raise?
- Yuma Energy raised $35 Million in a funding round on September 1, 2026.
- Who invested in Yuma Energy?
- Magna International is named as investors in this round.
- What does Yuma Energy do?
- Yuma Energy is a battery-as-a-service company that focuses on providing innovative battery swapping solutions for electric vehicles.
- Where is Yuma Energy based and how big is it?
- Yuma Energy is based in Bengaluru, Karnataka, India. Fundz records about 51 employees.
- Who are the decision-makers at Yuma Energy?
- Fundz holds 3 contacts at Yuma Energy, including the Head of Product and Design. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Yuma Energy that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $400M (Debt Financing) on October 9, 2026.
- TI Clean Mobility Private Limited raised $26M (Series C) on September 30, 2026.
- Matel raised $14M (Series B) on August 8, 2026.
- RX raised $7.5M (Pre-Series A) on October 14, 2026.
- Mana Battery raised $10M (Seed) on October 12, 2026.
- Helical Fusion raised $21M (Series B) on October 8, 2026.
Who to call at Yuma Energy, and when
A new round usually means Yuma Energy is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Yuma Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Yuma Energy, from your own LinkedIn network
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Related People
Yuma Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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