Yulu Electric Scooter

Monday, 07 October 2024 01:21 PM Yulu has launched its services in Indore, Madhya Pradesh, through a partnership with a local firm, Yuva Mobility. This marks the first time Yulu has partnered with a local company to operate its electric vehicles. The launch is part of Yulus expansion into non-metro cities. I think this partnership will help Yulu tap into a broader market and increase its user base.

Monday, 07 October 2024 11:18 AM Yulu has achieved Ebitda profitability and crossed an annual recurring revenue (ARR) of $30 million. The company plans to deploy 100,000 electric vehicles by 2025 and will raise $100 million in Series C funding to support this expansion. Yulus growth is driven by the rising demand for quick commerce and food delivery services. I believe this milestone is a significant step towards Yulus goal of dominating the electric mobility market in India.

Friday, 23 February 2024 11:18 AM Yulu has raised $19.25 million in equity funding from its existing strategic investors, Magna and Bajaj Auto. This funding will help Yulu cater to the increasing demand for its shared electric vehicle services. The company has seen a five-fold increase in revenue over the last year. I think this infusion of capital will be crucial for Yulus future growth plans.

Friday, 18 August 2023 06:14 PM Yulu has partnered with Zepto, India’s fastest-growing e-grocery service, to expand its presence in the hyperlocal delivery category. This partnership will enable Zepto to transition to an all-electric vehicle fleet, maximizing green deliveries. I think this collaboration will enhance Yulus role in sustainable delivery solutions.