India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand

AI Summary

Indian electric bike company Yulu raised $93 million, planning to expand its fleet to 200,000 bikes within two years to support the booming quick-commerce sector. The funding aims to accelerate the launch of faster electric two-wheelers focused on logistics applications.

Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases.