Aditya Hadi Pratama · · 1 min read🇮🇳 Roundup: EV startup Yulu to raise $100m
Startups in India, including CredAvenue, Otipy, Gamerji, PensionBox, and Deeptek, raised at least US$170.3 million in funding today from local and international investors.
Here’s a snapshot of the fundraising:
Here’s some important tech news from India today:
Electric scooter startup Yulu to raise US$100 million
The company plans to increase its number of electric scooters by 10x to 100,000 by the end of this year. Yulu also aims to launch a franchisee model to reach new cities and cater to personal buyers.
Yulu claims it is the largest shared electric mobility platform in India, having overseen 3 million battery swaps since its inception in 2017. It aims to hit 3 million swaps per month by the end of this year.
To date, the firm has raised US$30 million in equity.
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Editing by Deepti Sri and Arpit Nayak
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