Ev Startup Yulu Raises $82 Million In Funding Led By Magna International
09/12/22, 4:53 AM
Location
bangalore
Money raised
$82 million
Industry
automotive
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 Info
Location
bangalore, karnataka, india
Additional Info
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. Currently, Yulu is present in Bengaluru, Delhi NCR, and Greater Mumbai.