Karnataka is everyone’s favorite destination when it comes to peeking at the rich heritage of India or visiting the wildlife or national parks. Now it is time the state rises from its old title and ventures into the new and futuristic field of mobility namely Electric vehicles.

All this is possible because of the investment decision undertaken by Yulu to make Karnataka the leader in electric vehicles by putting in 1 lakh EVs on the roads of Karnataka. In the next five years, they also want to operationalize the infrastructure for battery switching and charging.

Yulu is a Bengaluru-based transportation company with its beautiful amalgamation of technology. They are a team of positive change-makers who work for sustainability while doing business. 

About Yulu

Yulu provides seamless, shared, and sustainable first- and last-mile connectivity using Micro Mobility Vehicles (MMVs) via a user-friendly smartphone app. They are working to shift the focus of people from traditional petrol vehicles to new-age EVs.

About Yulu

According to a statement from Yulu, the company and the Karnataka government have inked a memorandum of understanding (MoU) for the purpose, which will also encompass investments in new technology, innovative products, and sustainable business practices.

Yulu intends to deploy 1 lakh EVs

Yulu will construct a “center of excellence” for designing and perfecting cutting-edge vehicle designs, IoTs, and EV charging equipment in addition to creating roughly 7,000 direct jobs across its value chain operations.

Yulu intends to deploy 1 lakh EVs

The company has decided to place its foot in the right direction by signing this MOU with the Karnataka government and this will help the company in growing and making a significant contribution to the government’s electric vehicle policies. Not just this but it’ll help in broadening the thinking of people in adopting EVs.

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