India's E-Bike Leader Yulu Raises $93M as Quick-Commerce Boom Drives Demand
Indian electric micro-mobility pioneer **Yulu** has raised **$93 million** in Series C equity and debt financing, fueled by rapid growth in 10-minute quick-commerce delivery services across major metro cities.
Yulu operates specialized commercial e-bikes paired with an extensive battery swapping infrastructure powered by Yuma Energy. The company plans to double its active fleet to over 100,000 vehicles to meet delivery partner demand.
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Investors highlight India's rapid electrification of last-mile logistics as a blueprint for sustainable urban transport across emerging markets.
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