BusinessPhoto: AutopunditzYuma Energy Raises $35M to Expand Battery Swapping in India
Yuma Energy, operating over 1,900 battery-swapping stations in 18 Indian cities, has raised $35 million in a Series A funding round. The company plans to use the capital to expand into Chennai and Pune, strengthen its multi-OEM partnerships, and achieve network-wide EBITDA positivity by fiscal year 2027, according to Managing Director Muthu Subramanian.
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