Magna invests $77M in Yulu; creates battery-swapping service company

Green Car Congress
By mmillikinSep 13, 2022, 7:46 am213 pts
Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electrified shared mobility provider, and creating a battery-swapping service company. Yulu deploys shareable, low-speed, electric two-wheelers to facilitate accessible, sustainable urban mobility…

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