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13 Sep
16:27

Magna enters Indian micromobility market with $77m injection into Yulu

Canadian mobility technology company Magna is entering one of the fastest growing markets for electrified two-wheel mobility with a $77 million investment in Yulu Energy, Kallanish learns. The micromobility investment in the Indian start-up, currently seen as the country’s largest electrified shared mobility provider, include a stake in the company and a seat on its board. The companies have also created a new battery swapping entity to support the rapid gr…
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