Yuma Energy raises $35M
Yuma Energy announced a Series A round of $35M on 4 September 2026. The company operates in Climate & Energy and is based in India. It was founded by Muthu Subramanian, Managing Director.
Founder
Muthu Subramanian
Managing Director, Yuma Energy
Outreach angles
- -Subramanian was appointed Managing Director to lead Yuma Energy, the battery-swapping joint venture between Magna International and Yulu.
- -He now oversees the company's operations across 18 Indian cities as it scales its EV charging network.
- -Yuma Energy has delivered 60 million battery swaps across more than 2,500 stations and expects to reach EBITDA profitability by FY27.
Signals
Series AClimate TechHardwareB2BRevenue-Generating
Round details
Company: Yuma Energy
Domain: yuma.energy
Amount: $35M
Stage: Series A
Industry: Climate & Energy
Country: India
Announced: 4 September 2026
Other Climate & Energy raises
Recently funded in India