Yulu Secures $19.25 Million Investment with Magna and Bajaj

Yulu, India's top shared electric two-wheeler mobility firm, secures $19.25 million in equity investment from current strategic backers Magna and Bajaj Auto Ltd.

Yulu has experienced a remarkable nearly five-fold increase in revenue over the past year, solidifying its position as a market leader in the shared mobility sector.

Yulu’s Growth

Bajaj Auto underscores its shared vision with Yulu for the future of last-mile mobility, emphasizing strategic partnership beyond financial backing.

Partnership with Bajaj Auto and Magna

Magna International recognizes the transformative impact of green mobility solutions in emerging markets. Yulu’s journey underscores the importance of technology-led solutions for electric mobility.

Partnership with Bajaj Auto and Magna

Yulu is on track to raise its Series C round of funding soon, further strengthening its leadership in the mobility-as-a-service (MaaS) segment.

Series C Funding on the Horizon

Yulu has served over 4 million users for first- and last-mile mobility in major Indian cities, operating 30,000 EVs and partnering with top delivery and logistics firms for sustainable options.

Yulu’s customer base