Yulu
Reviewed active Updated Sep 1, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Yulu is a Bengaluru-based electric mobility startup that operates a fleet of shared electric two-wheelers used primarily for last-mile deliveries and short urban trips 123. The company powers more than 750,000 deliveries per day and logs roughly 1.6 million zero-emission kilometers per week across a fleet of about 50,000 vehicles 12. Yulu maintains strategic partnerships with Bajaj Auto (which manufactures its Wynn EV) and Magna International (its battery-swapping partner) 23.
On August 12, 2026, Yulu announced a $93 million Series C round led by GEF Capital Partners, composed of $63 million in equity and $30 million in debt, valuing the company at approximately $170 million post-money 1234. Existing strategic investors Bajaj Auto and Magna International waived their pre-emptive rights so GEF could take its target stake 12. Approximately $5.5 million of the equity component was used to purchase shares from seed investors whose funds were nearing the end of their investment life 1.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-12 | Series C | $93M ($63M equity + $30M debt) | GEF Capital Partners | — 1234 |
The Series C is expected to be Yulu’s final equity raise before an eventual public listing; future fleet expansion is planned to be financed primarily through debt and lease structures 12. The company plans to grow its fleet to 200,000 electric two-wheelers over the next two years and launch faster models for new logistics use cases 123.
What Investors Say
No independently sourced investor quotes available at this time.
What Founders Say
Co-Founder & CEO Amit Gupta on Yulu’s operating thesis: “Yulu was built on the conviction that hyper-local mobility requires purpose-built vehicles along with suitable infrastructure, deep technology integration, and uncompromising unit economics.” 4
Gupta has also described Yulu’s positioning as “the AWS of mobility,” supplying the vehicle, battery-swapping, and software infrastructure that lets delivery workers operate independently 1.
Sources
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TechCrunch, “India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand,” August 11, 2026, accessed September 2026. https://techcrunch.com/2026/08/11/indias-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand/↩↩↩↩↩↩↩↩↩
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Mercom India, “Yulu Raises $93 Million in Series C Funding, Eyes 200,000 EV Fleet,” August 12, 2026, accessed September 2026. https://www.mercomindia.com/yulu-raises-93-million-in-series-c-funding-eyes-200000-ev-fleet↩↩↩↩↩↩↩↩
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YourStory, “EV mobility service startup Yulu raises $93M led by GEF Capital,” August 2026, accessed September 2026. https://yourstory.com/2026/08/ev-mobility-service-startup-yulu-raises-93-million-led-by-gef-capital↩↩↩↩↩
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World Auto Forum, “Yulu Secures US$93 Million in New Funding Led by GEF Capital; Drives Leadership Across Quick Delivery and Urban Logistics,” August 12, 2026, accessed September 2026. https://worldautoforum.com/yulu-secures-us93-million-in-new-funding-led-by-gef-capital-drives-leadership-across-quick-delivery-and-urban-logistics/↩↩↩