India’s Yulu raises $93 million to expand electric-bike fleet
Indian electric-mobility company Yulu has raised $93 million as it targets a 200,000-bike fleet within two years and new logistics uses.
In short
- Indian electric-mobility company Yulu has raised $93 million as it targets a 200,000-bike fleet within two years and new logistics uses.
Indian electric-mobility company Yulu has raised $93 million as demand for delivery vehicles grows alongside the country’s quick-commerce sector, TechCrunch reported on August 12, 2026.
Yulu plans to expand its fleet to 200,000 electric bikes over the next two years. The company is also targeting additional logistics uses with faster electric two-wheelers, according to the report.
The financing links two fast-growing markets in India: app-based rapid delivery and electric urban transport. Delivery operators need vehicles suited to frequent short trips, while fleet-based services can centralize charging, maintenance and deployment.
The available source item did not provide a full investor breakdown or financing terms. The $93 million total and expansion target are reported figures from TechCrunch.
