Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

The funds will be used to increase its EV fleet to 100,000 electric-two-wheelers in a year

September 14, 2022

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Yulu, a Bengaluru-based shared electric mobility-as-a-service (MaaS) and battery-as-a-service (BaaS) provider, has secured equity funding of ₹6.5 billion ($82 million) in a Series-B funding round led by U.S.-based mobility technology company Magna International.

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Gourav Mishra

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Yulu Raises $82 Million Equity Funding to Ramp Up Mobility, Battery Swapping Businesses

Continue Reading with Premium Access

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