The company, which is planning to enter new cities like Mumbai, Pune and Hyderabad is targeting a revenue of Rs 500 crore this year, up from Rs 125 crore last year
With the new funding round, which is also the company’s first, Yulu is planning to add more than one lakh two-wheelers to its fleet, and over 500 battery charging and swapping stations in the next 12 months
The company also announced the launch of a 250 km range electric three-wheeler Vicktor at an introductory price of Rs 5 lakh (ex-showroom Delhi post-government subsidy) for the last-mile delivery segment on the occasion of the 'World EV Day'