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Presenting
Yulu
An affordable and green mobility solution for urban India
Yulu's vision is to decongest urban traffic by providing scalable, affordable, efficient, and clean modes of transportation as solutions for first and last-mile connectivity and short distance commute. Meant for one commuter, Yulu EVs or its scooters have a 48-volt motor controller and a maximum speed of 25 km per hour, and they require no licence or helmet. A single charge can take the light-weight bike (45 kg) up to 60 km. The user need not worry about the battery; it has a swappable lithium-ion battery. Like a smartphone, the scooter interacts with the server every five minutes. This helps the company know the charge level of every Yulu Miracle being operated across the city, and the team gets an update the minute the battery levels drop below 10 percent. If required, they can send the on-ground ops team to swap the battery. Yulu is currently operational in Bengaluru, Pune, Delhi, Mumbai, and Bhubaneswar. In Bengaluru alone, Yulu has over 850 Yulu zones or parking zones. Users pay a mandatory Rs 10 for a Yulu Miracle ride, and an additional Rs 10 per 10 minutes of ride time.
  • Mobility / Transportation
    HEADQUARTERS
    Bangalore, Karnataka, India
    COMPANY SIZE
    101 to 150
    FOUNDED
    7th Aug 2017

    Awards

    Awards and Recognitions
    10
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    Founded in 2017, the bike-sharing solution platform Yulu first launched its shared-cycles in Bengaluru. It aims to address traffic problems with an IoT solution. Its light blue cycles and electric bikes are visible even in some of the most traffic-congested areas of cities. There are different moving parts in Yulu’s system that ensure these bikes are available in the right density at every location at the right time. Founder Amit Gupta estimates that the market size of the shared mobility space with bicycles is currently close to $8-$10 billion globally, and is expected to grow beyond $1 billion in India by 2022. Since mobility solutions need a high-frequency use-case, Amit believes Yulu can be grown into a platform with the business potential between five to 10 times. Yulu launched its electric vehicles, Yulu Miracle, in Bengaluru in February 2019. It expanded this offering to Delhi in August. The startup also recently partnered with Uber with pilot operations in Bengaluru. With this tie-up, the Uber app redirects users to the registration page of Yulu. In Delhi, due to the extreme weather conditions, the company doesn't find it feasible to launch its cycles. Yulu is planning to deploy 5,000 Miracles across metro stations in Delhi by the end of this year and up to 25,000 of the EVs by 2020.

    Funding

    Funding Rounds and Investors
    SERIES-A
    $8M
    Investors
    Bajaj Auto Finance
    Nov 2019
    SEED
    $7M
    Investors
    Wavemaker Partners, Incubate Fund, Blume Ventures, AET Fund, 3one4 Capital
    Mar 2018