What is Yulu?
Yulu is a mission-oriented company dedicated to advancing sustainable mobility in India. It operates a micro-mobility platform offering shared human and battery-powered two-wheelers accessible via a user-friendly app. Yulu vehicles can be picked up and dropped off within designated Yulu Zones across major Indian cities including Bengaluru, Pune, Mumbai, and Bhubaneswar. The company boasts the largest fleet of smart bicycles and electric scooters in India, leveraging IoT, machine learning, AI, and cloud computing for a seamless user experience. Yulu's pioneering efforts have also influenced policy-making for sustainable transportation in India, aiming to alleviate traffic congestion and improve urban air quality.
How much funding has Yulu raised?
Yulu has raised a total of $129.1M across 7 funding rounds:
Series A
$4M
Series B
$82M
Unspecified
$9M
Multiple Rounds
$31.3M
Other Financing Round
$2.9M
Series A (2020): $4M with participation from Rocketship.vc
Series B (2022): $82M led by Magna International
Unspecified (2022): $9M supported by U.S. International Development Finance Corporation and Community Development Financial Institution
Debt (2024): $3M featuring Northern Arc
Other Financing Round (2024): $9M backed by U.S. International Development Finance Corporation
Private Equity (2024): $19.3M, investors not publicly disclosed
Other Financing Round (2025): $2.9M led by Magna International
Key Investors in Yulu
Magna International
Magna International is a global automotive supplier involved in vehicle engineering and assembly. Their participation suggests a strategic interest in Yulu's electric vehicle technology and micro-mobility solutions.
U.S. International Development Finance Corporation
The U.S. International Development Finance Corporation is America's development bank, financing solutions in developing countries. Their investment in Yulu highlights support for sustainable infrastructure and economic development initiatives.
Rocketship.vc
Rocketship.vc is an early-stage venture capital firm that utilizes data and machine learning for investment decisions. Their backing of Yulu indicates a belief in the company's data-driven approach to scaling in the technology and consumer sectors.
What's next for Yulu?
With its latest major strategic investment, Yulu is poised to further solidify its position as a leader in India's micro-mobility market. The company's focus on technological innovation, particularly in IoT and AI, suggests a continued emphasis on enhancing fleet management, user experience, and operational efficiency. This enterprise-level backing indicates confidence in Yulu's business model and its potential for significant scaling. Future developments will likely involve expanding its fleet, entering new urban markets, and potentially exploring new vehicle types or service offerings to meet the evolving demands for sustainable urban transportation solutions.
See full Yulu company page
