Magna International put another $35 million into Yuma Energy, taking its total to $87 million and raising the majority stake it has held since the joint venture was formed in 2022. Yulu's 49 percen…
Yuma claims more than 60 million lifetime swaps across 100,000 batteries, 2,500 charging units and 400 touchpoints in 18 cities.
Only 15 to 20 percent of last quarter's swaps came from customers other than Yulu, and the company's own target is roughly 25 percent within two years.
The Grinntech acquisition, reported by some outlets alongside this round, actually closed in February 2025. It gave Yuma in-house battery design and manufacturing.
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