Amount Raised
$19.3 Million
Round Type
Series C
BengaluruTransportationAutomotiveElectric VehicleInvestors
Description
Yulu has raised approximately Rs 160 crore (equivalent to $19.25 million) in equity infusion from its existing strategic investors Magna and Bajaj Auto Ltd. The funding will enable Yulu to quickly cater to the spurt in demand for its shared electric vehicle (EV) services and maintain its growth trajectory, strengthen its market leadership, and expand its operations and technology innovation.
Quick answer
Yulu raised $19.3 Million in a Series C round, dated February 23, 2024. Investors: Bajaj Auto Ltd and Magna. Yulu is based in Bengaluru, Karnataka, India.
- How much did Yulu raise?
- Yulu raised $19.3 Million in a Series C round on February 23, 2024.
- Who invested in Yulu?
- Bajaj Auto Ltd and Magna are named as investors in this round.
- What does Yulu do?
- Yulu is India's largest shared micro-mobility service provider using electric two-wheelers to reduce traffic congestion and air pollution in urban India.
- Where is Yulu based and how big is it?
- Yulu is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Yulu?
- Fundz holds 1 contact at Yulu, including the Co-Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Yulu that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- Ola Electric raised $50M (Debt Financing) on April 1, 2024.
- Fastned raised $30M (Funding Round) on February 21, 2024.
- Dodai raised $4M (Series A) on March 24, 2024.
- NOVUS raised an undisclosed amount (Funding Round) on March 21, 2024.
- Blitz Electric Mobility raised $1.6M (Seed) on March 19, 2024.
Who to call at Yulu, and when
A new round usually means Yulu is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Yulu raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Yulu, from your own LinkedIn network
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Related People
Yulu raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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