Yulu in talks to raise funds from Xiaomi arm, Shunwei, others1 min read 10 Jul 2019, 11:39 PM IST
Urban mobility firm has received commitments from its existing investors and HNIs for the Series A round
Till date, Yulu has deployed around 1,800 electric vehicles across Bengaluru and Mumbai, apart from its mechanical bicycles that are available in Pune, Greater Mumbai, and Bhubaneswar
Bengaluru: Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute, is in advanced talks to raise a Series A round of ₹100 crore ($15 million) from Chinese investors, including Shunwei Capital, Xiaomi’s venture capital arm, and ex-InMobi chief business officer Atul Satija, according to three people aware of the development.
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