Yulu

company

About

Yulu is an electric bike rental app aiming to improve traffic congestion and air pollution in urban India.

  • 251 - 500

Details

Last Funding Type
Series B
Last Funding Money Raised
₹6.53B
Industries
Electric Vehicle,Ride Sharing,Sharing Economy,Transportation
Founded date
Aug 7, 2017
Number Of Employee
251 - 500
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
₹6.53B $7M
Yulu has raised a total of ₹6.53B $7M in funding over 2 rounds. Their latest funding was raised on Sep 12, 2022 from a Series B round.
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

Investors

Number of Lead Investors
Number of Investors
2
1
Yulu is funded by 1 investors. Magna International are the most recent investors.
Investor Name Lead Investor Funding Round
Magna International Yes Series B