Yulu is the largest shared micromobility service provider in India. It uses electric two-wheelers to reduce traffic congestion and air pollution in the country’s urban areas.
Funding details
- Funding amount: US$82 million
- Lead investors: Magna International
- Other investors: Bajaj Auto
- Stage: Series B
- Source
More details
Yulu has raised US$101.75 million in total funding.
| Stage | Amount (US$) | Investors |
| Strategic investment | $8,000,000 | Bajaj Auto |
| Series A | $11,746,000 | rocketship.vc, Incubate Fund, 3one4 Capital, Blume Ventures, GreyCell Ventures, Wavemaker Partners, Bajaj Auto |
| Series B | $82,000,000 | Magna International, Bajaj Auto |
Yulu was founded in 2017 by Amit Gupta, Hemant Gupta and Naveen Dachuri.
See also: 50 rising startups in India
Editing by Eileen C. Ang
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