Yulu raised 30 Crore from US-based VC Rocketship

Yulu an EV micro-mobility service provider has raised a fresh round of Rs 30 crore in an equity funding round led by Silicon Valley-based VC firm Rocketship. This is the first investment ever made by Rocketship in an Indian micro-mobility company.

Yulu raised 30 Crore funding 

The C0-founder & CEO of the company, Amit said, “We stand to benefit from their global expertise in supporting technology-led businesses and look forward to working with them.” The new round investment will be used for building up the mobility platform, technology solutions, and enabling rapid expansion.

Bajaj Auto & Yulu join hands to bring a micro-mobility revolution

Sailesh Ramakrishnan, Partner at Rocketship.vc said that “Yulu is one of the most exciting and innovative companies in the micro-mobility space and we are happy to join and support the team. We believe that we will revolutionize the daily commute of every Indian while having a significantly positive impact on the environment. We look forward to helping the amazing team at Yulu reach unprecedented scale on their path to creating a global leader in micro-mobility.”

Till now the micro-mobility firm has raised more than $20 million in funding from several investors such as Bajaj Auto Ltd, Blume Ventures, 3one4 Capital, Wavemaker, and US-based Rocketship. At present, the Yulu has more than 18,000 eco-friendly vehicles which run on the roads of Bengaluru, New Delhi, Mumbai, Pune, Ahmedabad, and Bhubaneswar.

Bajaj Auto & Yulu join hands to bring a micro-mobility revolution in India. Bajaj Auto Limited (BAL), the partnership with Yulu will transform urban commute in India.

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