Yulu raises $19 million from Magna and Bajaj auto, eyes expansion and new product launch.

Introduction

Yulu, the leading micro-mobility service provider, has successfully raised $19 million in a funding round led by automotive giants Magna and Bajaj Auto. This substantial investment marks a significant milestone in Yulu’s journey, enabling the company to accelerate its ambitious expansion plans and introduce a new range of innovative products. With a strong focus on sustainability and efficiency, Yulu aims to enhance urban mobility by providing eco-friendly and affordable transportation solutions.