Summary
Electric mobility company Yulu has raised $93 million in its Series C funding round, comprising $63 million in equity led by GEF Capital Partners and $30 million in debt, as the company looks to expand its electric vehicle fleet and enter new urban mobility segments.
12 August, 2026
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Electric mobility company Yulu has raised $93 million in its Series C funding round, comprising $63 million in equity led by GEF Capital Partners and $30 million in debt, as the company looks to expand its electric vehicle fleet and enter new urban mobility segments.
The Bengaluru-based company said the funding is its largest raise to date. Yulu plans to use the capital to quadruple its active fleet to 200,000 electric vehicles over the next two years, expand service hubs and deepen enterprise partnerships.
“We have raised $63 million in equity capital and $30 million in debt,” Amit Gupta, co-founder and CEO of Yulu, told Moneycontrol.
Sources said around $5.5 million of Yulu’s $63 million equity fundraise was a secondary component, with a handful of seed-stage investors selling their shares.
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