Yulu Electric Scooter Updates

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.

Friday, 04 August 2023 12:57 AM Yulu has launched the Yulu Business Partner (YBP) initiative, a franchise channel aimed at rolling out its shared leisure and goods mobility services in non-metro cities like Indore, Kochi, Tirunelveli, and Pondicherry. This initiative is part of Yulus strategy to expand its presence across India. I believe this move will help Yulu penetrate deeper into the Indian market.

Thursday, 20 July 2023 09:34 PM Yulu has launched its mobility-as-a-service (MaaS) offering in Gurugram, Haryana, marking its fourth city after Bengaluru, Mumbai, and Delhi. The company operates a shared fleet of over 25,000 electric vehicles in these cities. I believe this expansion will further solidify Yulus position in the Indian EV market.

Tuesday, 30 May 2023 09:37 AM Yulu has won the FICCI 4th Smart Urban Innovation Awards under the “Smart Mobility” category. The award recognizes Yulu’s successful integration of technology, sustainability, and convenience in building innovative urban mobility solutions. I believe this award is a testament to Yulus innovative approach to urban mobility.

Monday, 27 February 2023 11:02 PM Yulu and Bajaj Auto have launched the Miracle GR and DeX GR electric vehicles, designed for sustainable last-mile mobility and deliveries. This collaboration is a first-of-its-kind global partnership between a new-age MaaS company and a leading OEM. I think these new models will be game-changers in the delivery sector.

Friday, 06 January 2023 06:46 AM Yulu has participated in the Consumer Electronic Show (CES) 2023 in Las Vegas, showcasing its electric mobility platform designed to enable various micro-mobility use cases. The platform provides a plug & play solution to build green and profitable businesses globally. I believe this international exposure will help Yulu gain global recognition.

Monday, 05 December 2022 03:52 PM Yulu has continued its partnership with the Bangalore Marathon (BMM) to raise awareness and funds for environmental causes. The theme for BMM 2022 was Run Freely Again, celebrating the spirit of running after a two-year break due to the pandemic. I think such initiatives highlight Yulus commitment to sustainability.