Technology8/12/2026•TechCrunch

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

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

Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. As India’s quick-commerce platforms race to deliver everything from groceries to smartphones in minutes, electric mobility startup Yulu has seized the boom, raising $93 million in fresh funding. The Bengaluru‑based startup offers electric two‑wheelers on weekly subscription plans, so delivery drivers can jump straight into the gig economy without buying their own vehicles. With around 50,000 vehicles in its fleet, Yulu reports that it logs about 1.6 million zero‑emission miles each week and powers more than 750,000 deliveries a day. The new funding will let Yulu grow that fleet to 200,000 bikes over the next two years and launch faster electric two-wheelers aimed at new logistics use cases. The Series C round comprised $63 million in equity led by GEF Capital Partners and $30 million in debt financing. About $5.5 million of the equity component was used to buy shares from seed investors whose funds were nearing the end of their investment life, co-founder and CEO Amit Gupta said i

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