Question 1

How much funding did Yulu raise in 2026?

Accepted Answer

Yulu raised US 93 million in a Series C round announced on August 12 , 2026 - US63 million in equity and US$30 million in debt, the largest capital raise in its history.

Question 2

Who led Yulu's Series C funding round?

Accepted Answer

GEF Capital Partners led the US 63 million equity component. The remaining US30 million came through debt financing, which Yulu has not attributed to a named lender.

Question 3

Why did Yulu raise $93 million?

Accepted Answer

To support a fourfold expansion of its active EV fleet toward 200,000 vehicles, along with service-hub expansion, strategic enterprise partnerships and additional hyperlocal mobility use cases.

Question 4

What is Yulu Express?

Accepted Answer

A full-sized, high-payload electric scooter built for e-commerce logistics, bike taxis and express parcel delivery. Specifications such as range and price have not been disclosed.

Question 5

What is Yulu's $93 million funding being used for?

Accepted Answer

Fleet expansion, service-hub growth, enterprise partnerships and new mobility use cases — priorities Yulu frames as scaling an already EBITDA-positive model rather than funding an unproven idea.

Question 6

How has Yulu's business changed since it started?

Accepted Answer

Yulu began as a shared e-bike rental service in 2017. It now describes itself as a vertically integrated EV ecosystem powering quick-commerce deliveries and enterprise logistics across 12 primary metros and eight franchise markets.

Question 7

How much has Yulu's revenue grown?

Accepted Answer

7x between FY2023 and FY2026, which the company attributes to operating leverage and financial discipline since its 2022 Series B round.

Question 8

Is Yulu planning an IPO?

Accepted Answer

Yulu has not confirmed an IPO, a listing date or a valuation target. It says improved profitability and operating leverage are intended to support public-market readiness — a stated ambition, not a confirmed listing.

Yulu Express

Yulu’s $93M Funding Is Really a Bet on India’s Urban Logistics

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