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Yulu funding: Electric mobility startup Yulu raises $93 million in equity, debt to expand EV fleet - The Economic Times
The Bajaj Auto-backed company said it will increase its active fleet to 200,000 electric vehicles over the next two years, expand service hubs and deepen partnerships with enterprises. It did not disclose the lenders, its valuation or name any other equity investors in the round.
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economictimes.indiatimes.com
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…
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techcrunch.com
India's Yulu raises $93M as quick-commerce boom fuels e-bike demand | TechCrunch
Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases.
