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

Share via:

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.

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.

Popular

More Like this

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.

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.

More like this

SIAM Promotes Safe Mobility with 9th Inter-School Competition on...

SIAM Promotes Safe Mobility with 9th Inter-School Competition on...

Google, Intel discuss expanding strategic partnerships in Saudi Arabia

Global tech giants Google and Intel discussed with Saudi...

Mozambique Cyber Revolution Summit 2024 – Cybersecurity Innovations: Leading...

We TraiCon Events will be hosting Mozambique’s premier cybersecurity...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!