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India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand
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Fusion42 · 12 August 2026 · Fusion42 review
India's Yulu raised $93 million to expand its electric bike fleet to 200,000 vehicles over two years, supporting the growing quick-commerce delivery demand. The startup focuses on weekly subscriptions to gig workers, with plans to introduce a faster electric scooter for longer-haul deliveries and expand to 20 cities.
This Wire brief sits within Fusion42's coverage of Micromobility.
◆ ◆ The Wire takeaway
Electric mobility is scaling fast in Indian quick-commerce delivery. You can now pitch to gig delivery workers who want a flexible, cost-effective ride without ownership, as the market grows and faster bikes open longer delivery routes.
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1 source · 12 Aug 2026
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