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Yulu Bikes

Yulu turns Ebitda positive, aims to deploy 100K electric vehicles by 2025

With over 40,000 EVs, Yulu's revenues and users have increased more than sevenfold over the last 24 months

Updated On: 07 Oct 2024 | 5:44 PM IST

Yulu partners with Yuva Mobility to launch its e2W service in Indore

Yulu is partnering with local businesses through their Yulu Business Partner (YBP) initiative to expand to other cities

Updated On: 03 Apr 2024 | 12:40 PM IST

Electric mobility firm Yulu raises Rs 160 cr capital in equity funding

Electric bike-sharing platform Yulu Bikes on Friday said it has secured USD 19.25-million (Rs 160 crore) capital in equity funding through the issuance of shares to the company's existing strategic investors-- Magna and Bajaj Auto Ltd. The capital infusion will enable Yulu to maintain its growth streak and will strengthen its market leadership as it expands its reach in terms of vehicles, operational locations, and product and technology innovation to keep up with the rise in demand from users, the company said in a statement. On Thursday, Bajaj Auto said in a regulatory filing that it has raised its stake in Yulu Bike to 18.8 per cent of the paid-up equity share capital with an additional Rs 45.75 crore investment in the company. The company claims it has seen a nearly 5x leap in revenue over the last year. Yulu also said that it is on track to raise its Series C round of funding soon. The equity infusion will help the company fast-track its growth plans, said Amit Gupta, Co-foun

Updated On: 23 Feb 2024 | 10:13 AM IST

Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment

Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bike-sharing platform, Bajaj Auto said in a regulatory filing. In 2019, Bajaj Auto announced an investment of USD 8 million (around Rs 66 crore) in Yulu to boost electric vehicle adoption in India.

Updated On: 22 Feb 2024 | 8:02 PM IST

Yulu ties up with Zomato to provide e-scooter for food deliveries

Electric bike-sharing startup Yulu has joined hands with food delivery platform Zomato for providing 25,000-35,000 units of its purpose-built e-scooter DeX to the latter's delivery partners for last-mile delivery on custom-made rental plans, a statement said on Monday. Once deployed, these e-scooters have the potential of serving three-lakh green deliveries every day by 2026, Yulu said in a statement. According to the company, rising fuel prices and financial challenges are significant barriers for youth who want to onboard themselves as delivery partners. Yulu said it provides flexible rental packs and allows delivery partners to earn higher earnings compared to ICE-powered vehicles. With Yulu's deep understanding of the delivery ecosystem, purpose-built product DeX, robust operations and a wide network of battery swapping stations, our solutions can improve earnings of delivery partners by up to 40 per cent, said Pradeep Puranam, head of revenue and operations at Yulu. Yulu said

Updated On: 03 Apr 2023 | 7:23 PM IST

Magna invests $77 mn in EV startup Yulu to enter micromobility market

Magna will own a stake and hold a seat on the board of the Bangalore based company, it said. The two companies have established a new battery swapping entity.

Updated On: 12 Sep 2022 | 9:39 PM IST

Yulu Bikes looks to hitch a ride on the fast expanding e-commerce segment

The tech base mobility solutions firm looking to make deep inroads in last-mile delivery

Updated On: 28 Jul 2021 | 4:48 PM IST

3one4 Capital launches $100 million fund to back early-stage start-ups

Fund will be invested in about 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million

Updated On: 02 Sep 2020 | 5:20 PM IST

Bike sharing start-ups now help e-commerce firms to deliver essentials

While Yulu is fulfilling 1,000 orders in a day, Bounce has tied up with over 13 start-ups to help them deliver essentials

Updated On: 14 Apr 2020 | 2:53 PM IST

Yulu bikes: Pedal your way to beat the traffic and make a greener tomorrow

How InMobi co-founder Amit Gupta's new venture Yulu is solving the problem of shorter distance connectivity in a sustainable manner

Updated On: 24 Nov 2018 | 8:52 PM IST