India’ Yulu bags Rs 30 Cr investment from US

Yulu, India’s EV micro-mobility service provider, announced a fresh infusion of Rs 30 crore in equity funding led by the US-based VC firm Rocketship and existing investors. The new investment will be used for further strengthening the mobility platform, technology solutions, and enabling rapid expansion. Rocketship is known for its ability to spot companies with high potential in their early stage and has invested in many successful Indian startups.

So far, Yulu has raised more than $20 million in funding from key investors like Bajaj Auto Ltd, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others. With more than 18,000 eco-friendly vehicles, YULU runs India’s largest EV-led micro-mobility platform.