# Yulu Bikes Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yulu-bikes-pvt

- Industry: Transportation Services
- Headquarters: Bangalore, India
- Website: www.yulu.bike
- Total disclosed funding: $97M
- Latest round: Series C (Aug 11, 2026)
- Investors on record: 10

## About

Based in Karnataka, India, and founded in 2017 by CEO Amit Gupta, Yulu Bikes Pvt. Ltd. operates as a developer of a mobile application that provides a clean transportation solution and enables users to locate and book nearby electronic bikes. In August 2026, Yulu Bikes Pvt. Ltd. raised an undisclosed amount of venture funding led by GEF Capital Partners. The round was part of a larger USD 93 million equity and venture debt funding.

Yulu Bikes Pvt. Ltd. developed a technology-driven mobility platform that integrates IoT, machine learning (ML), and artificial intelligence (AI) to manage demand and ensure operations. The company’s services are designed for last-mile commutes and deliveries, supporting electrifying its mobility sector by 2030. In addition, the firm offers an AI-powered Battery-as-a-Service (BaaS) platform for improving delivery services. 

The company plan to use the August 2026 funding to expand its electric vehicle fleet, grow its logistics and delivery operations, increase service hub capacity, strengthen enterprise partnerships, and support future public listing initiatives.

## Funding rounds

- Series C, Aug 11, 2026, $63M — GEF Capital Partners
- Series A, Jun 18, 2020, $3.7M — Rocketship.vc, Bajaj Auto Ltd
- Series A, Mar 18, 2020, $0.8M — Wavemaker Partners, Blume Ventures, Tracxn Labs, 3one4Capital Advisors, Shangrila Infotech
- Series A, Feb 4, 2020, $15M — Wavemaker Partners
- Series A, Nov 25, 2019, $7.7M — Blume Ventures, Incubate Fund, 3one4Capital Advisors, Bajaj Auto Ltd
- Seed, Jul 23, 2018, $7M — Wavemaker Partners, Blume Ventures, Incubate Fund, 3one4Capital Advisors, Akatsuki Ventures

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series A
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed, Series A
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed, Series A
- Akatsuki Ventures (https://capitalatlas.ai/funds/akatsuki-ventures) — Seed
- Bajaj Auto Ltd — Series A
- Tracxn Labs — Series A
- Shangrila Infotech — Series A
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Series A
- GEF Capital Partners (https://capitalatlas.ai/funds/gef-capital-partners) — Series C