[Update] Yulu In Talks To Raise $100 Mn

Yulu, an Indian electric mobility startup specializing in shared e-bikes and e-scooters, is reportedly in discussions to raise a significant funding round of $75-80 million. This substantial fundraising effort indicates strong investor interest in the electric micro-mobility sector in India, driven by increasing urbanization, traffic congestion, and a growing focus on sustainable transportation solutions. Yulu is expected to utilize this fresh capital to expand its fleet of electric vehicles, enhance its technology platform, broaden its geographical presence across Indian cities, and further solidify its position in the rapidly evolving shared mobility landscape.