Startup Yulu raises $82 million in Series B funding.

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Date: 13-09-2022

By: Himanshu

Startup Yulu Raises $82M In Series B Round Today From Mobility Technology Company Magna International.

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In which the current investor is Bajaj Auto.

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Yulu is the core platform for Electric Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS).

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The company will use this fund to increase its fleet and battery swapping network capacity by 10 times over the next 12 months.

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Yulu's Amit Gupta, Co-Founder and CEO, said.

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That we are fully expecting 100X growth in Yulu in both BaaS and MaaS over the next three-four years.

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We'll go deep into all of the markets we already have

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And will provide a better experience for our customers

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Along with them, we will try to find new opportunities in new areas.

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Yulu's main goal is to grow its EV fleet to over a million electric 2-wheelers with basically over 500 battery charging and swapping stations.

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Byju’s may raise Rs 4,000 cr funding by next week.

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