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India

Yulu, India, raises USD 93 million in funding, plans to expand fleet to 200,000 electric two-wheelers

On August 12, Yulu, a Bengaluru-based electric mobility-as-a-service (MaaS) platform, has secured USD 93 million in a funding round, comprising USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt. The capital will be used to quadruple its active fleet to 200,000 electric vehicles over the ....

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