Yulu provides shared electric bike rentals for urban commuters across Indian cities.
$93M
Investor undisclosed
A $93M round for Indian micro-mobility in 2026 signals that unit economics in high-density, price-sensitive markets have finally cracked—or investors believe they have. This money likely goes to fleet expansion and working capital (bikes are capital-intensive), not product. If you're building logistics or last-mile solutions in India, watch whether Yulu's unit costs actually improve at scale; if they do, it validates that the subcontinent's density + labor costs create a wedge where shared mobility works without subsidies.