--- title: India’s Yulu raises $93M as quick-commerce boom fuels... description: Bengaluru-based electric mobility startup Yulu has raised $93 million in a Series C round — $63M equity led by GEF Capital Partners and $30M in debt — valuing... canonical: https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand | daily.dev og:description: Bengaluru-based electric mobility startup Yulu has raised $93 million in a Series C round — $63M equity led by GEF Capital Partners and $30M in debt — valuing... og:url: https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq og:image: https://api.daily.dev/og/posts/cxBwxGWOQ.png og:image:alt: India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary Bengaluru-based electric mobility startup Yulu has raised $93 million in a Series C round — $63M equity led by GEF Capital Partners and $30M in debt — valuing the company at approximately $170 million post-money. Yulu provides electric two-wheelers on weekly subscription plans to gig delivery workers, currently operating a fleet of ~50,000 vehicles that logs 1.6 million zero-emission miles and powers 750,000+ deliveries per week. The funding will expand the fleet to 200,000 bikes over two years and launch Yulu Express, a higher-speed electric scooter targeting longer-haul e-commerce, bike taxi, and parcel delivery use cases. About 95% of revenue comes from gig worker subscriptions. The company grew revenue seven-fold between fiscal 2023 and 2026, achieved positive EBITDA last financial year, and expects this to be its final equity raise before an eventual IPO. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much has Yulu raised in its Series C and what is its valuation? Yulu raised $93 million in its Series C — $63 million in equity led by GEF Capital Partners and $30 million in debt financing — at a post-money valuation of approximately $170 million. About $5.5 million of the equity was used to buy out seed investors whose funds were nearing the end of their investment life. Existing investors Bajaj Auto and Magna International did not participate. _Founders tracking EV startup funding rounds in emerging markets follow deals like this on daily.dev._ ### What is Yulu's current fleet size and how fast is it growing? Yulu operates a fleet of around 50,000 electric two-wheelers and plans to grow it to 200,000 vehicles over the next two years using the new funding. About one-third of that expanded fleet will consist of Yulu Express, a new higher-speed electric scooter targeting longer-haul e-commerce, bike taxi, and express parcel delivery use cases. _Logistics and mobility founders benchmarking fleet growth strategies find relevant coverage on daily.dev._ ## Similar posts on daily.dev - [Rivian spinout Also raises $150m, and the e-bike is just the wedge](https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb) · The Next Web · 0 upvotes · 0 comments - [Indian Uber rival Rapido raises $240M at $3B valuation](https://daily.dev/posts/indian-uber-rival-rapido-raises-240m-at-3b-valuation-i1ackethb) · TechCrunch · 1 upvotes · 0 comments - [Lime IPO: Uber anchors the scooter firm's market debut](https://daily.dev/posts/lime-ipo-uber-anchors-the-scooter-firm-s-market-debut-dfao3jkph) · The Next Web · 0 upvotes · 0 comments - [Quick commerce FirstClub doubles valuation to $255M in nine months](https://daily.dev/posts/quick-commerce-firstclub-doubles-valuation-to-255m-in-nine-months-lldcyv7yc) · TechCrunch · 0 upvotes · 1 comments --- Tags: [#startup](https://daily.dev/tags/startup) [View this post on daily.dev](https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand","url":"https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq"},"datePublished":"2026-08-12T04:34:54.939Z","dateModified":"2026-09-14T07:41:40.828Z","description":"Bengaluru-based electric mobility startup Yulu has raised $93 million in a Series C round — $63M equity led by GEF Capital Partners and $30M in debt — valuing...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/bd4ad99d8ecb966eb4f0615b621827e8?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/bd4ad99d8ecb966eb4f0615b621827e8?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/india-s-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand-cxbwxgwoq#faq","mainEntity":[{"@type":"Question","name":"How much has Yulu raised in its Series C and what is its valuation?","acceptedAnswer":{"@type":"Answer","text":"Yulu raised $93 million in its Series C — $63 million in equity led by GEF Capital Partners and $30 million in debt financing — at a post-money valuation of approximately $170 million. 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