Yulu offers an affordable solution for people and goods mobility through its tech-enabled platform and smart electric bikes, addressing commuters’ first and last-mile travel needs while also supporting efficient last-mile deliveries.
Problem
- Urban mobility gap: India’s urban transportation system is inefficient, further strained by traffic congestion, and lacking in adequate public transit options.
- Limited infrastructure: India has 60+ cities with populations exceeding 1M but has fewer than 20 operational city metros. Public buses and private cars compete for the limited road space.
- Lack of accessibility and affordability: Over 60% of city trips are within a 5km radius, and with a fast-growing goods delivery market, many unemployed individuals want to work but are hindered by the limited access to affordable mobility.
Solution
Yulu provides a vast network of smart, dockless electric 2-wheelers that utilize IoT technology, operate at 25kph speeds, and boast a full-stack solution for reliable battery swapping powered by Yuma.
- Smart features: The two-wheelers are designed with anti-theft and tracking features, and ergonomically designed goods carriers that can hold up to 15kg.
- Affordable and accessible service: Yulu offers an all-inclusive daily package of ~$2.75, with users having the potential to earn $12-15 per day.
- Mobile app: Yulu’s app ensures user accessibility and smooth on-the-ground operations with a relocation map, swapping workbench, and repair and maintenance updates.
Media Links
Type
Focus Area
Sustainability
Capital Raised (US$)
>100M
Operational HQ
India
SECTOR
IoT and Mobile Platform
status
Current
founders
Rajendra Misra, Naveen Dachuri, Hemant Gupta, Amit Gupta
partnered
2018
exited
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