Canadian auto supply giant Magna International is investing US$77 million in India's electric-vehicle startup Yulu to enter the micromobility market.
Yulu operates around 10,000 low-speed electric two-wheelers in Bangalore, Delhi, and Mumbai. It is targeting an additional 15 cities in the next 18 months.
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Magna looks to enter micromobility market with $77-million investment in EV startup YuluMagna will own a stake and hold a seat on the board of the Bangalore, India based company, it said. The two companies have established a new battery swapping entity
Source: globeandmail - 🏆 5. / 92 Read more »
Magna looks to enter micromobility market with $77-million investment in EV startup YuluMagna will own a stake and hold a seat on the board of the Bangalore, India based company, it said. The two companies have established a new battery swapping entity
Source: globeandmail - 🏆 5. / 92 Read more »