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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 |
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