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10,699 Views • Nov 16, 2024 • Click to toggle off description
A group of friends turned their vision into reality with an eco-friendly micro-mobility startup offering electric bike and scooter rentals. Their innovative service gained rapid popularity, reducing urban carbon footprints and traffic congestion. With smart technology and rising demand for green solutions, the startup has soared to a ₹1,740 crore valuation, proving the power of collaboration and sustainability in business success.
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Views : 10,699
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RYD date created : 2024-11-18T16:48:37.280404Z
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@ThriveVision69
2 days ago
Yulu is an eco-friendly, technology-driven mobility platform that aims to make urban mobility in India more sustainable, shareable, and seamless.
Yulu was founded in 2017 by Amit Gupta, Naveen Dachuri, RK Mishra, and Hemant Gupta.
Amit Gupta was inspired to start Yulu after seeing the popularity of bike-sharing platforms in China. He wanted to modify the concept to address India's traffic and air pollution issues.
Yulu's business model is mobility as a service (MaaS), where users rent low-speed, dockless electric vehicles (EVs) for short-distance rides.
Yulu developed an integrated technology platform for its vehicle hardware, digital apps, and fleet management. Users can connect with Yulu's vehicles through a mobile app.
Yulu's products include:
Yulu Move: A smart lock-enabled bicycle for short commutes.
Yulu Miracle: An electric bike fleet.
Dex: An electric bike for gig economy workers.
Yulu Wynn: A low-speed escooter.
Yulu's target audience is the millennial population, who are tech-savvy and environmentally conscious.
Yulu has received investments from Bajaj Auto and Magna International.
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