India’s Yulu raises $93M as quick-commerce boom fuels e-bike demand

About 500 of the new bikes are already running in Bengaluru and are being trialed in three additional cities, Gupta told TechCrunch.

Currently, Yulu operates in 12 Indian cities, running its own operations in Bengaluru, Mumbai, Delhi‑NCR, and Hyderabad, while partnering with franchisees in eight other markets. The startup, Gupta said, aims to reach roughly 20 cities within the next year, with Chennai and Pune among the key targets for expansion.

Gupta stated that Yulu partners with almost every major quick‑commerce, food‑delivery, and e‑commerce platform — including Amazon and Walmart-owned Flipkart — though its customers are the gig workers who rent the bikes, not the platforms themselves. He compared Yulu’s role to “the AWS of mobility,” supplying the infrastructure that lets delivery workers operate without the platforms taking a cut.