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India's Yulu secures $93M to expand e-bike fleet amid quick-commerce surge

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Indian electric micro-mobility startup Yulu has raised $93 million in fresh funding to scale its operations. The company plans to grow its fleet to 200,000 electric bikes over the next two years. Yulu is also developing faster electric two-wheelers to target new logistics use cases. The fundraise comes as India's booming quick-commerce sector drives rising demand for last-mile electric delivery vehicles.

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