Yuma Energy funding, investors and company details

Yuma Energy is an emerging Automobile - EV startup from Bengaluru, working in the space of Energy-as-a-Service company. Founded by Muthu Subramanian.

Company: Magna Yuma Private Limited
Sector: Automobile - EV
Location: Bengaluru
Founders: Muthu Subramanian

Company overview

Yuma Energy is an Energy-as-a-Service company and one of the fastest-growing Battery-as-a-Service platforms for electric two- and three-wheelers. Its AI-driven technology stack powers a nationwide network of intelligent battery swapping stations, enabling EV riders to swap depleted batteries for fully charged ones in under a minute — eliminating range anxiety, reducing downtime, and lowering the cost of EV ownership. The company serves gig workers, fleet operators, delivery partners, and daily commuters across multiple cities, maintaining near-perfect station uptime. It has completed tens of millions of battery swaps since inception, acquired an energy storage solutions company, and operates as a joint venture backed by global automotive supplier Magna and shared EV mobility platform Yulu.

Funding rounds

Latest round (Series A): $ 35.00 Mn (₹334.81 Cr.), 2026-09-01. Investors: Magna International