Series C · Mobility
Yulu secures equity and debt for electric fleet expansion
The $93m transaction includes about $5.5m of secondary share sales, leaving approximately $87.5m in new financing.
Beyond quick-commerce deliveries
Yulu is preparing Yulu Express, a full-sized scooter intended for e-commerce logistics, bike taxis and express parcel delivery. That broadens its service beyond the hyperlocal delivery work served by its existing fleet.
The package combines a GEF Capital Partners-led equity round with debt. Part of the equity transaction provides an exit for seed investors, while the rest supplies capital to the business.
Use of funds
Expand the electric vehicle fleet to 200,000 over two years
Expand service hubs and enterprise partnerships
Funding history
Series C · This round~$87.5M