Series C Round

Yulu is India’s electric bike rental startup that focuses on providing shared low-speed two-wheeler electric vehicles (EVs) to promote sustainable urban mobility. The company aims to reduce traffic congestion and pollution in urban areas by offering an eco-friendly alternative to traditional transportation methods. Yulu's innovative approach includes a network of smart docking stations and a user-friendly mobile app that allows customers to easily locate and rent bikes. With a growing fleet of electric bikes and an expanding presence in major cities, Yulu is positioned to play a significant role in the transition to sustainable urban transport. The Series C funding will be utilized to enhance the technology infrastructure, expand the fleet, and increase the number of docking stations across key metropolitan areas in India. The funding will also support marketing initiatives to raise awareness and encourage adoption of electric mobility solutions among urban commuters.