Electric mobility firm Yulu raised $9 million through debt financing from DFC

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Bajaj Auto-backed shared electric mobility firm Yulu raised $9 million through debt financing from US International Development Finance Corporation (DFC).

Yulu is an AI-powered Battery-as-a-Service (BaaS) platform that offers urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR. According to a statement released by the company on November 14, DFC proposed the investment in Yulu through its newly formed e-mobility financing team as part of the institution’s focus on funding clean and emission-free transportation options in India. According to the company, the platform has completed more than 3.5 million battery swaps and has sped up the adoption of electric mobility in India.

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Electric mobility firm Yulu raised $9 million through debt financing from DFC

Bajaj Auto-backed shared electric mobility firm Yulu raised $9 million through debt financing from US International Development Finance Corporation (DFC).

Yulu is an AI-powered Battery-as-a-Service (BaaS) platform that offers urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR. According to a statement released by the company on November 14, DFC proposed the investment in Yulu through its newly formed e-mobility financing team as part of the institution’s focus on funding clean and emission-free transportation options in India. According to the company, the platform has completed more than 3.5 million battery swaps and has sped up the adoption of electric mobility in India.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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