Morning Dispatch: Yulu, Bounce chase fresh funds

Yulu and Bounce Infinity, two electric mobility startups, have returned to the funding market. Yulu is seeking $50 million in funding, while Bounce Infinity aims to raise between $20-25 million. Their funding rounds come as the energy transition attracts more deep tech capital. Yulu shifted its focus from office commuters to gig workers after Covid-19 affected shared mobility, while Bounce Infinity sold most of its fleet, moved into manufacturing and vehicle sales, and now concentrates on gig worker rentals.

Both companies experienced a narrowing of losses in FY25, with Bounce reaching Rs 28.6 crore and Yulu decreasing by 12% to Rs 126 crore. The rise in quick-commerce and food-delivery demand has given the companies' post-Covid pivots new momentum, with gig-worker fleets becoming their core growth engine.