Get latest articles and stories on Latest News at LatestLY. Electric bike-sharing platform Yulu Bikes on Friday said it has secured USD 19.25-million (Rs 160 crore) capital in equity funding through the issuance of shares to the company's existing strategic investors Magna and Bajaj Auto Ltd. Latest News | Electric Bike-sharing Platform Yulu Bikes Raises USD 19.25-million Capital in Equity Funding.
The capital infusion will enable Yulu to maintain its growth streak and will strengthen its market leadership as it expands its reach in terms of vehicles, operational locations, and product and technology innovation to keep up with the rise in demand from users, the company said in a statement.
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