Tech Company Financing Transactions
Yulu Funding Round
Yulu, operating out of Bengaluru Karnataka, secured $77 million from Magna International.
Transaction Overview
Company Name
Announced On
9/12/2022
Transaction Type
Venture Equity
Amount
$77,000,000
Round
Undisclosed
Investors
Magna International (Matteo Del Sorbo)
Proceeds Purpose
Yulu's latest round will help the company expand to an additional 15 cities in the next 18 months, and potentially beyond India in the future.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1st Floor Aurbis Business Park Survey No. 58 7 Outer Ring Rd
Bengaluru Karnataka, 560103
India
Bengaluru Karnataka, 560103
India
Phone
Undisclosed
Website
Email Address
Overview
Yulu's mission is to make urban mobility in India seamless, shareable and sustainable. What started off as an initiative to reduce traffic congestion and pollution in Indian cities, is now redefining urban mobility across the country. We are driven by three guiding principles of urban mobility -- Accessibility, Availability, and Affordability.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amit Gupta
Chief Operating Officer
Hemant Gupta
Chief Technical Officer
Naveen Dachuri
President
RK Misra
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