SynopsisBajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valuation of about $250 million, up from $200-210 million previously, sources said. The fundraise comes at a time when energy transition, the larger umbrella under which EV falls, has emerged as one of the fastest-growing themes within India’s deeptech venture ecosystem.Electric mobility startups Yulu and Bounce Infinity are in talks to raise $50 million and $20-25 million, respectively, to expand their electric vehicle (EV) rental fleets as demand from the quick-commerce and food-delivery segments improves, people aware of the matter said.Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valuation of about $250 million, up from $200-210 million previously, theNow Playing
Yulu, Bounce seek funds as gig-EV rentals zoom - The Economic Times
Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valuation of about $250 million, up from $200-210 million previously, sources said. The fundraise comes at a time when energy transition, the larger umbrella under which EV falls, has emerged as one of the fastest-growing themes within India’s deeptech venture ecosystem.
TL;DRAI
Yulu secures $50M at $250M valuation, Bounce Infinity $20-25M to expand EV rental fleets for quick-commerce and food delivery. Rising electric-mobility investments signal fastest-growing energy transition segment in India's deeptech, driven by last-mile delivery consolidation.
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