Startup Atlas · Electric Vehicles

Yulu

Yulu Bikes Private Limited ● Bengaluru, Karnataka ● Founded 2017 ● yulu.bike ↗

Bengaluru-based shared electric two-wheeler mobility platform. Offers IoT-enabled electric scooters/bikes (Miracle, DeX) rented to daily commuters and, predominantly, to gig-economy delivery riders for hyperlocal/quick-commerce delivery. Runs a battery-swapping network via associate company Yuma Energy, a joint venture with Magna International. Backed by strategic investors Bajaj Auto and Magna International.

Amit Gupta · CEO & Co-founder RK Misra · President - Ecosystem Partnerships & Co-founder Naveen Dachuri · CTO & Co-founder Anuj Tewari · CFO & Co-founder (elevated to co-founder title Nov 2023)
$221.07 MnTotal funding (tracked)
8Funding rounds
12 Aug 2026Last round

Yulu: Funding Rounds

Date Round Amount Investors Source
12 Aug 2026 Series C $93 Mn ($63 Mn equity + $30 Mn debt) GEF Capital Partners source
7 Jul 2025 Series B3 $2.9 Mn Magna International source
23 Feb 2024 Undisclosed $19.25 Mn Bajaj Auto Magna International source
12 Jan 2024 Debt ₹25 Cr Northern Arc Capital source
14 Nov 2022 Debt $9 Mn U.S. International Development Finance Corporation source
12 Sep 2022 Series B $82 Mn Magna International Bajaj Auto source
22 Jun 2020 Undisclosed $3.9 Mn Rocketship VC source
25 Nov 2019 Series A $8 Mn Bajaj Auto source

Recent Signals

  • 2 Dec 2025 · financial
    Yulu revenue jumps 98% in FY25; losses narrow to Rs 126 Cr source
  • 10 Nov 2023 · org-team
    Yulu Names CFO Anuj Tewari as Co-Founder source
  • 18 Aug 2023 · growth-traction
    Yulu Partners with Zepto to Scale Green Hyperlocal Deliveries source
  • 3 Apr 2023 · growth-traction
    Yulu and Zomato join hands to make last-mile deliveries green source

News on Yulu

L Litmus · by Lapaas

Got an idea like this one? Validate it with the same 9-block framework, free.

Start Free Validation

FAQs on Yulu

Who founded Yulu?

Yulu was founded by Amit Gupta, RK Misra, Naveen Dachuri, Anuj Tewari in 2017.

How much funding has Yulu raised?

Yulu has raised $221.07 Mn across 8 tracked funding round(s), most recently on 2026-08-12. Figures are compiled from cited public sources.

Who are the investors in Yulu?

Investors in Yulu include GEF Capital Partners, Magna International, Bajaj Auto.

What does Yulu do?

Bengaluru-based shared electric two-wheeler mobility platform. Offers IoT-enabled electric scooters/bikes (Miracle, DeX) rented to daily commuters and, predominantly, to gig-economy delivery riders for hyperlocal/quick-commerce delivery. Runs a battery-swapping network via associate company Yuma Energy, a joint venture with Magna International. Backed by strategic investors Bajaj…

Where is Yulu headquartered?

Yulu is headquartered in Bengaluru, Karnataka, India.

What is Yulu's business model?

Yulu's core value proposition centers on No-license-needed EV for gig workers, Sustainable, congestion-reducing micro-mobility.

How does Yulu make money?

Yulu's cited revenue streams include Gig-worker scooter rentals (Yulu DeX), Daily subscription rental fees.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.yulu.bike · Last verified 23 Oct 2026. · Report a correction