Founder · Yulu

Amit Gupta

Co-founder & CEO of Yulu, an ev company based in Bengaluru.

Co-founder · CEOBengaluruEV
Founded
2017
Bengaluru, India
Raised to date
$202.3M
5 rounds on record
Latest round
Series C (Aug 2026)
$63M · Aug 2026
Team
101–250
Yulu Bikes Private Limited

About

Amit Gupta is Co-founder & CEO of Yulu, an ev company based in Bengaluru, founded in 2017. Yulu's most recent disclosed round was a funding round of $30M in Aug 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2017
Yulu
EV · Bengaluru · 101–250 people · Active

Yulu (Yulu Bikes Private Limited) is a Bengaluru-based electric mobility-as-a-service platform founded in 2017 by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta. It operates a shared fleet of electric two-wheelers for urban commuting and last-mile delivery, supported by the Yuma battery-swapping network built with Magna, and partners with Bajaj Auto on vehicle manufacturing.

Funding
Aug 2026Series C (Aug 2026)$63MGEF Capital Partners
Aug 2026Series C - Debt (Aug 2026)$30MDebt financing
Feb 2024Series B-III (Feb 2024)$19.25MMagna International, Bajaj Auto
Sep 2022Series B (Sep 2022)$82MMagna International, Bajaj Auto, Rocketship.vc, Blume Ventures, 3one4 Capital
Company profile →5 rounds on record

Journey with Yulu

4 milestones
  1. 2017Founded

    Yulu founded in Bengaluru by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta as a shared electric two-wheeler mobility service.

  2. Nov 2019Milestone

    Entered a strategic partnership with Bajaj Auto, which invested in Yulu's Series A and began co-designing and manufacturing its vehicles.

  3. Feb 2023Milestone

    Launched Yuma Energy, a battery-swapping joint venture with Magna International, to power its fleet and cut charging downtime.

  4. Aug 2026Milestone

    Raised a $93M Series C ($63M equity led by GEF Capital + $30M debt) at a reported ~$170M valuation, to quadruple its fleet to 200,000 EVs and prepare for a potential IPO.

Also building Yulu

NDNaveen DachuriCo-founder · CTO→RMRK MisraCo-founder→HGHemant GuptaCo-founder→

Coverage

1 story
Funding · 12 Aug 2026 · 5 min read
Yulu Raises $93 Million in Series C Round Led by GEF Capital to Quadruple Its EV Fleet