Magna Pumps $35M More Into India's Yuma Energy, Total Stake Reaches $87M

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Canadian auto parts giant Magna has made an additional $35 million investment in Yuma Energy, an Indian battery-swapping company. This latest funding round brings Magna's total investment in Yuma to $87 million. The move also increases Magna's majority ownership stake in the firm. The investment signals Magna's growing confidence in battery-swapping technology as a viable electric vehicle solution in the Indian market.

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