Magna Enters Micromobility Market: Investing in Yulu and Creating Battery-Swapping Business

AURORA, Ontario, Sept. 11, 2022 (GLOBE NEWSWIRE) -- Mobility technology company Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, Indias largest electrified shared mobility provider, and creating a battery-swapping service company.