Yulu’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Yulu Bikes Private Limited | CIN: U74999KA2017PTC105368
Founded by Naveen Dachuri and Amit Gupta, Yulu is pioneering micro-mobility in India by providing electric bike-sharing services that solve last-mile connectivity challenges in congested urban areas. Its mission centers around creating eco-friendly, affordable, and efficient transportation options, reducing traffic congestion and lowering carbon footprints in cities. The company leverages cutting-edge IoT and AI technology to optimize fleet management and user experience. With strong backing from key investors and partnerships with major city administrations, Yulu has expanded its operations across multiple Indian metros. Focusing on continuous innovation and sustainable mobility, Yulu aims to transform how urban India commutes while contributing to a cleaner environment.
| Founded | 2017 |
|---|---|
| Headquarters | Bangalore, India |
| Valuation | ~$300 million |
| Annual Revenue (FY24 est.) | ₹90 Cr |
| Net Loss (FY24 est.) | ₹20 Cr |
| Employees | ~350 |
| Round | Year | Amount | Investors |
|---|---|---|---|
| Seed | 2018 | $7 million | Blume Ventures |
| Series A | 2019 | $15 million | Bajaj Auto, others |
| Series B | 2021 | $30 million | WaveMaker Partners, others |
| Series C | 2023 | $50 million | Magna International, others |
Yulu has shown steady revenue growth from ₹30 Cr in FY22 to ₹90 Cr in FY24, supported by increased fleet size and city expansions. Losses have reduced as operational efficiencies improve.
EBITDA margins improved from -85% in FY22 to -35% in FY24, reflecting optimized operations and better unit economics from scale.
The workforce grew to about 350 employees by FY24, enabling robust operations and technological advancements across multiple cities.
- Expand to additional Indian metro cities
- Grow fleet and introduce new vehicle types
- Strengthen tech-driven operations and partnerships
- Consider IPO options post-2025 for further growth capital
Yulu recently partnered with leading e-commerce delivery companies to expand sustainable last-mile delivery services, and secured new funding to scale operations further.
| Metric | Detail |
|---|---|
| Revenue FY24 | ₹90 Cr – Significant urban demand |
| Net Loss FY24 | ₹20 Cr – Reduced compared to past years |
| EBITDA Margin | -35% – Improving efficiency and scale |
| Valuation | ~$300M – Backed by strong investor support |
| Employees | ~350 – Supports growth strategy |
Yulu’s focus on micro-mobility and sustainable transportation solutions positions it well for India's growing urban mobility needs. With increasing adoption and strong partnerships, Yulu is poised for further expansion and potential profitability in the coming years. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
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