Yuma Energy Raises $35M in Series A Funding

Magna’s additional investment backs a larger battery fleet and denser swapping coverage, helping delivery riders spend less time waiting for a charge.

Round size
$35M
Stage
Series A
Headquarters
India
Announced
Sep 1, 2026

Serving riders and vehicle makers

The Bengaluru business supplies Yulu’s fleet and provides open-access swapping to third-party vehicle manufacturers and delivery operators. Its network spans more than 400 touch points in 18 Indian cities.

Building capacity before the next rollout

The capital is allocated to batteries, charging units and physical swapping infrastructure. Yuma plans to deepen existing markets and enter Chennai and Pune, with vehicle-manufacturer partnerships supporting wider adoption.

Where the funding goes

  • Battery-fleet expansion
  • Charging and swapping infrastructure
  • Existing-market coverage and new cities

Sources

  1. Yuma Energy: funding announcement
  2. Yuma Energy: official battery-swapping platform
  3. ETAuto: direct managing-director interview
03 / Related rounds

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