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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »