Yulu Bikes Private Limited has raised an aggregate amount of $93 million from a Series C fundraise through a combination of $63 million in equity led by GEF Capital Partners and $30 million in debt.
CMS INDUSLAW advised Yulu Bikes on this fundraise.
Kartik Ganapathy (Founding & Senior Partner) provided strategic inputs on the transaction.
The transaction team consisted of Revathy Muralidharan (Partner), Anurag Prasad (Principal Associate), Kshitij Goel (Senior Associate) and Hardik Khattar (Associate).
Shardul Amarchand Mangaldas & Co advised lead investor GEF Capital Partners on this fundraise.
TT&A advised existing investor Bajaj Auto Limited in connection with the transaction.
The transaction team consisted of Punita Gupta (Partner), Akshita Alok (Counsel) and Prerna Raturi (Senior Associate).
Cyril Amarchand Mangaldas advised existing investor Magna in connection with the transaction.
Yulu is an urban mobility company that provides shared, low-speed electric two-wheelers to ease short-distance travel and last-mile connectivity
The fresh capital will fund Yulu’s business expansion plans and the launch of Yulu Express; a faster scooter aimed at longer-distance deliveries and bike-taxi services.
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