Magna Raises Stake in Yuma Energy to $87 M

Magna International, the Canadian automotive parts supplier, has raised its investment in Indian battery‑swapping company Yuma Energy to $87 million, solidifying a majority ownership position in the firm. The increased capital injection follows a series of incremental investments that have expanded Magna’s stake from a minority share to a controlling interest, underscoring the supplier’s strategic focus on the fast‑growing electric‑vehicle (EV) ecosystem in South Asia.

The additional funding is intended to accelerate Yuma Energy’s rollout of battery‑swap stations across key Indian markets, supporting the adoption of electric two‑wheelers and three‑wheelers that rely on rapid charging solutions. By deepening its involvement, Magna aims to integrate its component expertise with Yuma’s infrastructure platform, positioning both companies to benefit from the anticipated rise in EV demand and the Indian government’s push for cleaner transportation. The partnership reflects broader industry trends of traditional auto suppliers investing in charging and swapping networks to diversify revenue streams and secure a foothold in emerging mobility technologies.