The startup will use the funds to scale its mobility & battery-swapping businesses. Electric mobility startup Yulu said on Monday it has raised $82 million (Rs 653 crore) in funding led by US-based Magna International Inc., with existing investors such as Bajaj Auto Limited also participating Yulu said it will also use the funding to increase its two-wheeler electric vehicle (EV) fleet to more than 1 lakh electric and 500 plus battery charging and swapping stations in the next 12 months.