Yulu is an electric bike rental app aiming to improve traffic congestion and air pollution in urban India.
Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 12, 2022 | Series B | ₹6.53B | 1 | Magna International | — | Detail |
Dec 9, 2021 | Debt Financing | $7M | 1 | Magna International | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Magna International | Yes | Series B |