Magna

Magna is a Canadian auto supplier that has increased its majority stake in the Indian battery-swapping firm Yuma Energy, investing a total of $87 million.

Why it’s in the news: It is in the news due to its significant investment in Yuma Energy and a collaboration to deliver Enterprise AI across the Middle East and Africa.

Latest on Magna

• Magna AI and Mbuzz Collaborate to deliver Enterprise AI across MEA
• Yuma Energy raises $35M in Series A from Magna International
• Magna increases bet on battery swapping in India with $35M for Yuma
• Magna's investment in Yuma Energy has reached $87 million
• the Canadian auto supplier increases its majority stake in the Indian battery-swapping firm
• SC TO-T: Magna reports stake in Yatra Online

Connections

5 entities linked to Magna across the news graph.