Moving India
towards a
sustainable future
Micro-mobility solutions that help reduce traffic congestion and air pollution
Economic Times, March 01, 2023
Shared mobility services provider Yulu Bikes, which has a strategic partnership with Bajaj Auto to co-develop electric vehicles, is looking at bringing on road a million electric two-wheelers for last-mile operations over the next 3-4 years.
Moneycontrol, February 27, 2023
Shared rental e-scooter startup Yulu has joined hands with top two-and three-wheeler maker Bajaj Auto to launch new models of e-scooters Miracle GR & DeX GR for retail and commercial uses, respectively.
Autocar Professional, February 03, 2023
Yuma Energy has showcased its next-generation battery charging and swapping network for electric two-wheelers in India, with 85 such stations already being set up in Bengaluru, Mumbai, and Delhi.
Mobility Outlook, January 06, 2023
Yulu, India’s electric mobility-as-a-service player, is participating in the ongoing Consumer Electronic Show (CES) 2023 in Las Vegas, where it will display its latest generation of electric vehicles for micro-mobility.
The Print, November 23, 2022
A recent policy brief by NITI Aayog estimates that the Indian gig economy will comprise 2.35 crore workers by 2030. A significant fraction of informal markets relies on mobility. Hence, due to the sheer strength of numbers, the gig economy presents a big opportunity for EV adoption.
Moneycontrol, November 14, 2022
Shared electric mobility firm Yulu has raised $9 million through debt financing from US International Development Finance Corporation (DFC). The firm plans to utilise the funds to strengthen momentum towards enabling green last-mile mobility for people movement and goods deliveries.
Economic Times, November 11, 2022
The finance chief of Yulu Anuj Tewari shared that scaling is his top focus and discussed with ETCFO the funding environment, the company’s future fundraising plans, and growth outlook.
Economic Times, November 02, 2022
The MoU, which was signed on Wednesday at the "Invest Karnataka Global Investors Meet" in Bengaluru, involves investments to be made in product innovation, new technology, and sustainable operations in addition to developing a workable and reasonably priced shared solution for urban mobility at scale.
Mobility Outlook, October 03, 2022
A cold email to Amit Gupta, Co-founder & CEO, Yulu, led to a series of meetings in Detroit before Magna came on board as an investor. Another interesting aside in this story was when another Magna employee in Detroit called up his mother who lives in Bengaluru to ask her if she had any idea what the Yulu brand was about. She said she remembered the blue bike which she saw on the city’s roads.
Economic Times, September 12, 2022
Yulu Bikes raised $82 million (about Rs 653 crore) from investors led by Canada’s Magna to drive its expansion plan. Yulu is forming a new entity - Yulu Energy - with Magna to create nationwide battery charging & swapping infrastructure to cater to the demand from Yulu and other EVs.
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