India’s electric bike rental startup Yulu inks strategic partnership with Bajaj Auto, raises $8M
<aAs part of the partnership, Bajaj will co-design and make future generation of Yulu two-wheelers, Amit Gupta, cofounder and primary executive of Yulu, told TechCrunch in an interview. Ride-hailing giant Ola has invested $100 million in scooter rental start-up Vogo. Ather Energy, another Bangalore-based start-up that manufactures electric-scooters, raised$51 million in May.
The two-year-old startup stated it has entered into a tactical partnership with Bajaj Auto, which has actually likewise moneyed Yulu’s $8 million Series A funding round. As part of the partnership, Bajaj will co-design and produce future generation of Yulu two-wheelers, Amit Gupta, cofounder and primary executive of Yulu, informed TechCrunch in an interview. In a statement, Rajiv Bajaj, Managing Director of Bajaj, stated, “in Yulu we discover a dedicated and knowledgeable partner with robust accomplishment of success metrics in an extremely short time. Ride-hailing huge Ola has invested $100 million in scooter rental start-up Vogo. Ather Energy, another Bangalore-based startup that manufactures electric-scooters, raised$51 million in May.