Announced
Completed
Financials
Sources
Tags
Minority
Private Equity
electric mobility
Friendly
India
Acquisition
Cross Border
Private
Venture Capital
Completed
Single Bidder
Mobility
Synopsis
Magna International, a Canadian parts manufacturer for automakers, led a $82m Series B funding round in Yulu, a technology-driven mobility platform. “This is an incredibly exciting time for Magna to contribute to a sustainable future in urban mobility through this investment in Yulu. Micro mobility presents a great opportunity for additional growth for Magna, and joining forces with Yulu helps us expand our business into this rapidly growing sector,” Matteo Del Sorbo, Magna International executive vice president and Magna New Mobility global lead.
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