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Yuma Energy raises $35 million from Magna to double its battery-swapping network and expand into new markets.

PRIVATESep 01, 2026•7 days ago

Amount Raised

$35 Million

Round Type

Venture - Series Unknown

BengaluruManufacturingEnergyRenewable EnergyAutomotiveElectric VehicleBattery

Investors

Magna International

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.

Company Information

Company

Yuma Energy

Location

Bengaluru, Karnataka, India

About

Yuma Energy is a battery-as-a-service company that focuses on providing innovative battery swapping solutions for electric vehicles. They operate a battery-swapping network aimed at enhancing the efficiency of electric vehicle operations. Their services help address range anxiety and limitations in charging infrastructure in the electric vehicle sector.

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Funding Insights

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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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