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

September 1, 2026 Jagmeet Singh

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.

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Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year
Lachy Groom backs Indian startup aiming to keep aircraft aloft for a year

Founded by a 20-year-old, Alteon is developing autonomous aircraft that hopes to harvest wind energy to sta...