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

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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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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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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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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