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

- URL: https://talkfuse.com/story/indias-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand/
- Published: 2026-08-12T04:30:00+00:00
- Updated: 2026-08-12T04:48:35+00:00
- Original publisher: TechCrunch
- Original article: https://techcrunch.com/2026/08/11/indias-yulu-raises-93m-as-quick-commerce-boom-fuels-e-bike-demand/
- Topics: Asia, World

## Key points

- Yulu raises $93M to expand its e-bike rental fleet for gig workers
- Fleet to grow from 50,000 to 200,000 bikes within two years
- New Yulu Express scooter targets longer-haul deliveries and bike taxis

## Summary

India's Yulu, a Bengaluru-based electric mobility startup, has raised $93 million to expand its fleet of electric two-wheelers that it rents to gig workers on weekly subscriptions, enabling delivery drivers to work without owning a vehicle. The raise comes as India's quick-commerce sector races to deliver goods within minutes, and it will help Yulu scale to meet the surging demand for delivery riders, including launching a new higher-speed scooter for longer-distance deliveries and bike taxis.

The Series C round combined $63 million in equity, led by GEF Capital Partners, with $30 million in debt financing, valuing Yulu at roughly $170 million post-money. Yulu currently runs around 50,000 vehicles, covering 1.6 million miles weekly and powering over 750,000 deliveries a day, and plans to grow its fleet to 200,000 bikes across roughly 20 cities within two years, while also becoming profitable before interest and taxes next year.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.