🇮🇳 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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