Question 1

Is Yulu a startup company?

Accepted Answer

Shared electric vehicle mobility company Yulu, founded in 2017, has crossed an annual recurring revenue (ARR) of $30 million and turned Ebitda positive, driven by growing demand from the quick-commerce segment, the firm said on Monday. The Bengaluru-based startup is now planning to deploy 100,000 EVs by 2025.

Question 2

Who funded Yulu?

Accepted Answer

Yulu has raised over $123 million in equity capital—including $52 million for Yuma—from investors such as Bajaj Auto, Magna International, Blume Ventures, 3one4 Capital, Wavemaker, Incubate Fund, Rocketship.vc, and other institutional and angel investors.

Question 3

What inspired Amit gupta to create Yulu?

Accepted Answer

After leaving InMobi in 2017, Amit Gupta founded Yulu with the goal of alleviating heavy traffic by providing a flexible, affordable, and eco-friendly commuting alternative.
Based in Bangalore, the company aimed to improve short-distance travel by designing efficient, electric-powered two-wheelers that promote durability and environmental health.
Amit envisioned Yulu as a vast network of eco-friendly 2-wheelers that could be easily rented through an app, utilizing a pay-per-usage business model powered by IoT technology.

Sector	Round	Investments
Water Treatment	Secondary	₹ 64 Cr
Real Estate	Secondary	-
Manufacturing	Secondary	₹ 15 Cr
Manufacturing	Secondary	₹ 8 K
Financial Services	Secondary	₹ 15 L
Manufacturing	Secondary	₹ 2 Cr
Manufacturing	Secondary	₹ 44 K
Financial Services	Secondary	-
Automotive	Secondary	-
Retail	Secondary	-
Real Estate	Secondary	-
Retail	Secondary	₹ 9 Cr
Trading	Secondary	₹ 8 Cr

Amit Gupta Investments

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