Mobility firm Yulu raises $3.9 mn in equity funding round led by Rocketship

EV micro-mobility service provider Yulu has raised $3.9 million in equity funding led by US-based VC firm Rocketship and existing investors. The new investment will be used for further strengthening the mobility platform, technology solutions, and enabling rapid expansion.

So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others.

"We are glad to have Rocketship on board as our new investor. We stand to benefit