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Ev Startup Yulu Raises $82 Million In Funding Led By Magna International

Sep 12, 2022almost 3 years ago

Amount Raised

$82 Million

BengaluruAutomotive

Description

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

Company Information

Company

Yulu

Location

Bengaluru, Karnataka, India

About

Yulu is India's largest shared micro-mobility service provider using electric two-wheelers to reduce traffic congestion and air pollution in urban India. Yulu service is actively used for the last-mile commute as well as last-mile deliveries, making a real impact on India's goal of electrifying its mobility by 2030. Yulu's mission is to create sustainable cities of tomorrow by revolutionizing the way people commute. Yulu’s technology-driven mobility platform uses IoT, ML, and AI for demand-supply management and efficient operations.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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