Started by giving bicycles on rent, got funding of Rs 653 croreElectric mobility leader Yulu has secured equity funding of $82 million (Rs 653 crore) to grow its mobility and battery swapping business led by Magna International Inc. and Bajaj Auto Ltd.The demand for electric vehicles is increasing day by day in the world market. […]
Yulu Raises $3.9 Mn Funding Led By Rocketship VC
Existing investors also participated in the round The company will use the funding to strengthen the mobility platform It will also focus on rapid expansion Bengaluru-based electric vehicle provider Yulu has raised INR 30 Cr ($3.9 Mn) in a fresh equity funding round led by US-based VC firm Rocketship and existing investors. The company will […]
Bajaj invests $8 mn in Yulu to boost EV adoption in India
The fresh round of investment will be utilised for further strengthening of the mobility platform and deepening of the technology solutions for rapid expansion, Yulu said Bengaluru: Leading bike maker Bajaj Auto on Tuesday announced an investment of $8 million in Bengaluru-based bike-sharing platform Yulu to boost electric vehicle adoption in India. The fresh round […]
Can Ebikes For Delivery Become The New Normal For India?
Companies like Amazon, Swiggy, Grofers, IKEA have now started using electric bikes for deliveries According to EV startup DOT, just 250 EVs can save $1 Mn in fuel costs annually Despite increased adoption, charging infrastructure remains a worry for delivery startups When it comes to logistics and ecommerce, India has shown an ever-growing appetite for […]
