Shared Mobility Startup Yulu Bikes secures $82 million in Series B funding round - Updates
Forming a new entity Yulu Energy with Magna International, which led the funding
Yulu’s single seat two-wheelers, a familiar sight in Delhi, Bengaluru & Mumbai, can be hired for short durations using its mobile application.
The startup plans to increase the number of electric 2 wheelers to over 1 lakh with the funding.
I had met Amit Gupta, its co-founder, a couple of years back in Delhi. He was already a bit of a celeb in the startup world, having been a key player in the success of inMobi. Found him to quite accessible, though very focussed on stuff that mattered - the sort of qualities that are just about what are needed to scale business, I guess.