Yulu

Founder

Mr. Amit Gupta
Mr. RK Mishra
Mr. Naveen Dachuri
Mr. Anuj Tiwari

Sector

Consumer tech & Logistics

Region

India

Fund

Fund I
A brief look at

The Yulu Journey

Yulu Bikes, founded in 2017, has revolutionized urban mobility with innovative and sustainable solutions. Starting with a fleet of smart bikes and expanding into electric scooters, Yulu has consistently grown and advanced technologically. The company's timeline showcases its dedication to reducing traffic congestion and pollution, enhancing the quality of urban life.

Jan

2018

Feb

2019

Nov

2019

April

2020

June

2020

Aug

2020

Jul

2022

Sep

2022

Jan

2023

Feb

2023

Mar

2023

Nov

2023

Dec

2023

Jul

2024

Aug

2024

Sep

2024
$2M in Annual Run Rate

Launch with Move Bicycles in Bangalore

Launch of Generation 1 Bikes

Series A fundraise from Bajaj Auto Limited

Goods Mobility business piloted

Goods Mobility business piloted

Deployed 10K bikes across India

Launch of Generation 2 Bikes

Series B fundraise led by Magna International Inc.

Launch of Yuma Brand

Launch of Generation 3 Bikes

Deployed 20K bikes across India

Deployed 20K bikes across India

10 Mn Battery Swaps by Yuma Energy

25000+ Daily Active Goods Mobility Users

Deployed 40K bikes across India

Became EBITDA Postive | Reached ARR US$30 M

Japanese investor see India as one of the most strategic market. Incubate Fund India has a deep commitment to the Indian market with it's founding partner Nao-san based here. They bring a vast connection to late stage investor in Japan.

Amit Gupta

Co-Founder

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