Yulu News: Latest Moves in Indian Retail

Latest moves

Our read of each move first, where we have one; what the report said is marked Reported.

Yulu’s $93M raise signals an expansion of EV last-mile capacity, giving e-commerce and quick-commerce operators access to a larger delivery fleet across more Indian cities.Reported: Yulu raises $93M to quadruple EV fleet, targeting e-commerce delivery demand. Yulu will invest its $93 million Series C financing in fleet and charging infrastructure, aiming to grow its active EV fleet fourfold to 200,000 vehicles and expand from 12 to 20 cities within two years.12 Aug5 reports from 4 sources, incl. The Hindu BusinessLine and Outlook Business

Background

From 5 stories, the newest dated 23 Sept 2026. Summary written 4 Oct 2026.

Yulu is a Bengaluru-based electric mobility and last-mile delivery platform. [1] source: Entrackr

Show 2 more paragraphs and 5 sources

The Bajaj-backed company runs an electric rental fleet and operates in 12 cities. [2] source: The Hindu BusinessLine [3] source: Outlook Business It is launching Yulu Express for logistics and bike-taxi use. [3] source: Outlook Business E-commerce contributes about 50% of its revenue, and its FY25 revenue was ₹237 crore. [2] source: The Hindu BusinessLine [3] source: Outlook Business

In August 2026 Yulu raised a $93 million Series C, made up of $63 million in equity led by GEF Capital Partners and $30 million in debt. [2] source: The Hindu BusinessLine Entrackr reported the equity portion as Rs 547 crore, with GEF Capital Partners holding a 31.29% stake. [1] source: Entrackr Outlook Business cited a $170 million post-money valuation. [3] source: Outlook Business Yulu plans to grow its fleet from 50,000 to 200,000 two-wheelers and expand from 12 to about 20 cities, investing entirely in fleet and charging infrastructure. [2] source: The Hindu BusinessLine [3] source: Outlook Business In September 2026, Swiggy Instamart expanded its partnerships with Yulu and Yuma Energy, placing battery-swapping stations near dark stores and offering EV rental cashback. [4] source: ET Small Business Also in September 2026, Yulu opposed a MoRTH proposal to raise the power limit for unregistered low-speed EVs from below 250W to below 600W, citing misuse risks. [5] source: The Hindu BusinessLine

Sources

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Questions about Yulu

Who owns Yulu?

Yulu is a Bajaj-backed company. GEF Capital Partners, which led its Series C equity round, holds a 31.29% stake, according to Entrackr's September 2026 report. [1] source: Entrackr [3] source: Outlook Business

What is Yulu's current strategy in India?

In August 2026 Yulu raised a $93 million Series C to invest in fleet and charging infrastructure and expand from 12 to about 20 cities. It is also launching Yulu Express. In September 2026 Swiggy Instamart expanded its Yulu partnership with battery-swapping stations near dark stores. [4] source: ET Small Business [2] source: The Hindu BusinessLine [3] source: Outlook Business

Stories that mention Yulu

4 stories

Yulu is named in these stories but is not their subject.