{
  "id": 637541,
  "title": "Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter Segment",
  "url": "https://urgent.news/2026/08/12/yulu-bags-93-mn-to-scale-ev-fleet-enter-full-size-electric-scooter",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-12T04:38:51.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/yulu-bags-93-mn-to-scale-ev-fleet-enter-full-size-electric-scooter-segment/"
  },
  "original_language": "en",
  "account": "Electric mobility startup Yulu has secured $93 million in its Series C funding round, led by GEF Capital Partners. The additional capital will be used to expand its fleet of electric vehicles (EVs) and enter the full-size electric scooter market. The Bengaluru-based company plans to quadruple its active fleet to 2 lakh EVs within the next two years. Yulu will also expand its service hub network and deepen partnerships with enterprise clients. The company aims to launch Yulu Express, a high-payload electric scooter designed for e-commerce logistics, bike taxis, and express parcel delivery. This new offering will mark Yulu's expansion beyond its low-speed electric scooters, which are used for shared mobility and last-mile delivery operations. The startup, founded in 2017, currently operates in 12 major metros and eight franchise-operated regional markets. Yulu began as a provider of low-speed electric scooters for urban commuting and delivery, but shifted focus towards delivery workers during the COVID-19 pandemic. Subscribers can rent Yulu's electric scooters through weekly or monthly subscription plans, covering between 400 and 3,600 kilometers, and pay between ₹1,200 and ₹7,300 per subscription. The company claims its fleet collectively covers 2.5 million kilometers and facilitates over 750,000 doorstep deliveries daily. With this latest funding, Yulu has raised more than $228 million since its inception.",
  "summary": "Electric mobility service provider Yulu has raised $93 Mn (about ₹887.5 Cr) in its Series C funding round led by…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}