What is Yulu?
Headquartered in Bengaluru, Yulu operates as a mission-oriented micro-mobility platform dedicated to solving the complex challenges of urban traffic and air quality. The company provides a seamless, app-based service offering both human-powered bicycles and smart electric scooters. By integrating advanced IoT, machine learning, and cloud computing, Yulu has created a highly efficient, user-friendly ecosystem that allows for convenient, on-demand transit. Beyond its operational capabilities, Yulu has emerged as a thought leader in the sustainable mobility space, actively influencing policy frameworks to foster a more resilient and eco-friendly urban environment in India.
How much funding has Yulu raised?
Yulu has raised a total of $222.1M across 8 funding rounds:
Series A
$4M
Series B
$82M
Unspecified
$9M
Multiple Rounds
$31.3M
Other Financing Round
$2.9M
Series C
$93M
Series A (2020): $4M with participation from Rocketship.vc
Series B (2022): $82M led by Magna International
Unspecified (2022): $9M supported by Community Development Financial Institution and U.S. International Development Finance Corporation
Other Financing Round (2024): $9M featuring U.S. International Development Finance Corporation
Debt (2024): $3M backed by Northern Arc
Private Equity (2024): $19.3M, investors not publicly disclosed
Other Financing Round (2025): $2.9M led by Magna International
Series C (2026): $93M supported by GEF Capital Partners
Key Investors in Yulu
GEF Capital Partners
GEF Capital Partners is a private equity firm focused on impact and ESG considerations, specializing in sustainable investment opportunities that drive positive environmental and social outcomes.
Magna International
Magna International is a global automotive technology leader and supplier, providing advanced engineering, manufacturing, and mobility solutions to major vehicle manufacturers worldwide.
Rocketship.vc
Rocketship.vc is a global early-stage venture capital firm that utilizes machine learning and data science to identify and scale high-potential technology companies across diverse international markets.
What's next for Yulu?
With the successful closure of this major strategic investment, Yulu is well-positioned to solidify its market leadership in the micro-mobility sector. The company's strategic roadmap likely focuses on scaling its electric vehicle fleet, optimizing its proprietary AI-driven logistics, and deepening its penetration in existing markets like Pune, Mumbai, and Bhubaneswar. Furthermore, the continued support from institutional investors suggests a long-term commitment to building the necessary infrastructure for sustainable urban living. As Yulu continues to refine its operational efficiency, the focus will likely shift toward achieving greater economies of scale and further integrating its services into the broader public transportation network, thereby cementing its status as an essential component of India's future mobility landscape.
See full Yulu company page
