The Infrastructure of Hyperlocal Flow. Yulu Raises 93 Million Dollars to Scale India's Green Delivery Rails.
We are thrilled to celebrate Yulu's landmark 93 million dollar Series C funding round, a milestone that represents a structural turning point for shared electric mobility across metropolitan India. Our partnership with Amit Gupta, Naveen Dachuri, Anuj Tewari and team Yulu began when the thesis of shared, electric micro-mobility was highly unproven in India's capital-starved hardware market.
Watching this focused founding team scale their fleet to cover 2.5 million zero-emission kilometres daily while delivering positive EBITDA since April 2025 delivers a definitive validation of their operational resilience. This capital injection cements Yulu's standing as the uncontested backbone of the country's hyperlocal logistics network.
Purpose-Built Assets Solve the Severe Wear of Local Delivery Workloads
High humidity, continuous multi-shift usage, and extreme thermal stress require hardware designed specifically for Indian usage, Yulu’s dedicated research and development with Bajaj Auto enabled the team to design and produce vehicles that survive the physical demands of high-frequency commercial use. Controlling the design of these vehicles and the homegrown manufacturing capacity provided a stable and highly predictable inventory pipeline.
Building on this hardware platform, Yulu plans to launch Yulu Express, a full-sized, high-payload electric scooter designed specifically for e-commerce logistics, express parcel delivery, and bike taxis. The new form factor will allow the platform to capture a larger share of the enterprise delivery wallet, moving beyond light food deliveries to handle heavy e-commerce shipments.
EBITDA Positivity Validates the Margins of Asset-Heavy Mobility Stacks
Managing depreciating hardware fleets is often considered too capital-intensive to yield sustainable margins in emerging markets. Yulu achieved positive EBITDA in April 2025, proving that capital-efficient asset orchestration can generate strong operating cash flows at scale. Financial durability has been unlocked through high-density asset utilisation across twelve major operating cities and eight franchise-operated regional markets. High-density deployment ensures that support hubs, charging infrastructure, and maintenance teams operate at peak capacity.
Empowering the Gig Workforce Translates Environmental Goals into Net Earnings
Sustainable technology only achieves mass adoption when it delivers immediate economic benefits to its users. Traditional petrol-powered logistics impose a heavy financial burden on delivery riders, with fuel and maintenance costs consuming a significant portion of their daily payouts. Yulu removes this transaction friction, allowing gig workers to increase their net takeaway earnings by eliminating fuel expenses and vehicle ownership liabilities.
Proprietary technology integration completes this operational moat. Yulu's dynamically-balanced operations engine uses advanced artificial intelligence and machine learning algorithms to forecast regional demand, manage battery health, and automate fleet rebalancing. Real-time telemetry guides on-ground maintenance teams to swap batteries and service vehicles before any downtime occurs, ensuring that fleet utilisation remains above ninety-five percent.
Eliminating operating barriers has established Yulu as an essential driver of daily commerce, now powering over fifteen percent of all quick-commerce deliveries across India's top four metropolitan centres. The active fleet supports more than seven hundred and fifty thousand doorstep deliveries daily, preventing approximately two million kilograms of carbon dioxide emissions every month. The perfect alignment of environmental performance and worker profitability proves that sustainable transit can operate as a highly lucrative commercial business.
The relentless focus on product truth, regulatory compliance, and unit economics is setting the benchmark for the entire clean-mobility sector. We are proud to continue backing team Yulu as they scale their green delivery rails, transition toward public markets, and secure India's position as a global leader in sustainable urban infrastructure.
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