Friday, 24 March, 2023

Electric two-wheeler startup Yulu to raise $100 M to expand business plan

<p>Yulu, an electric two-wheeler startup, is raising up to $100M in funding to extend its business model and capture a larger share of the growing last-mile mobility market. Yulu plans to increase its fleet to 100,000 units by the end of the year, develop franchisee models to reach new locations, and cater to personal buyers in the coming year. Both new and existing investors will participate in the new funding round. So far, the company has raised $30M in equity funding.</p>