Indian micro mobility startup Yulu secures funding from US investor

Photo: Yulu Bikes’s Facebook

Yulu Bikes Pvt Ltd has raised a fresh infusion of 30 crore in equity funding led by US-based venture capital firm Rocketship and other existing investors, the micro mobility startup said on Monday.

The electric bicycle and scooter rental startup is targeting commuters’ first and last mile connectivity requirements via dockless, battery-powered two-wheelers. The startup began operations in Bangalore in 2017 and has expanded to Pune, Delhi, Mumbai and other cities.

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