Yulu (Yulu Bikes Private Limited) is a Bengaluru-based electric mobility-as-a-service platform founded in 2017 by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta. It operates a shared fleet of electric two-wheelers for urban commuting and last-mile delivery, supported by the Yuma battery-swapping network built with Magna, and partners with Bajaj Auto on vehicle manufacturing.
1StartupFox story
2017Founded
EV(Mobility-as-a-Service)Sector
Aug 2026Latest coverage
Funding
Yulu has raised $202M across 5 disclosed rounds.
$202MRaised
$63MLatest round
$170MValuation
5Events
RoundAug 2026reported
$30M
InvestorsDebt financing
Valuation
Tap any bar to see that round
Aug 2026Round$63MGEF Capital Partners $170M
Aug 2026Round$30MDebt financing
Feb 2024Round$19MMagna International, Bajaj Auto
Sep 2022Round$82MMagna International, Bajaj Auto, Rocketship.vc, Blume Ventures, 3one4 Capital
Nov 2019Round$8MBajaj Auto
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadGEF Capital Partners1 round · 2026
Bajaj Auto3 rounds · since 2019
Magna International2 rounds · since 2022
Debt financing1 round · 2026
3one4 Capital1 round · 2022
Blume Ventures1 round · 2022
Rocketship.vc1 round · 2022
Aggregated automatically from the disclosed rounds above.
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Yulu founded in Bengaluru by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta as a shared electric two-wheeler mobility service. ↗
Nov 2019 · funding
Round — $8M, led by Bajaj Auto.
Nov 2019 · milestone
Entered a strategic partnership with Bajaj Auto, which invested in Yulu's Series A and began co-designing and manufacturing its vehicles. ↗
Sep 2022 · funding
Round — $82M, led by Magna International.
Feb 2023 · milestone
Launched Yuma Energy, a battery-swapping joint venture with Magna International, to power its fleet and cut charging downtime. ↗
Feb 2024 · funding
Round — $19M, led by Magna International.
Aug 2026 · funding
Round — $63M at $170M, led by GEF Capital Partners.
Aug 2026 · funding
Round — $30M, led by Debt financing.
Aug 2026 · milestone
Raised a $93M Series C ($63M equity led by GEF Capital + $30M debt) at a reported ~$170M valuation, to quadruple its fleet to 200,000 EVs and prepare for a potential IPO. ↗
The rest of Yulu's profile is free
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Yulu (Yulu Bikes Private Limited) is a Bengaluru-based electric mobility-as-a-service platform founded in 2017 by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta. It operates a shared fleet of electric two-wheelers for urban commuting and last-mile delivery, supported by the Yuma battery-swapping network built with Magna, and partners with Bajaj Auto on vehicle manufacturing.
Who founded Yulu?
Yulu is associated with Amit Gupta, RK Misra, Naveen Dachuri, Hemant Gupta.
How much funding has Yulu raised?
Yulu has raised $202M across 5 disclosed rounds. The most recent was a $63M round in Aug 2026.
Who are Yulu's investors?
Disclosed investors in Yulu include GEF Capital Partners, Debt financing, Magna International, Bajaj Auto, Rocketship.vc, Blume Ventures, 3one4 Capital.
What is Yulu's valuation?
Yulu was last reported at $170M, at the time of its round in Aug 2026.
Is Yulu profitable?
Per its FY25 standalone filing, Yulu reported ₹237 Cr in revenue, with a ₹126 Cr loss.
What is the latest news on Yulu?
The most recent StartupFox coverage is “Yulu Raises $93 Million in Series C Round Led by GEF Capital to Quadruple Its EV Fleet” (12 August 2026). All stories are listed on this page.
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