#HTE
Yulu, a Bangalore-based electric bike sharing platform, which maintains a partnership with Uber said today it has won the backing of one of the country’s largest automaker firms.
The two-year-old startup said it has entered into a strategic partnership with Bajaj Auto, which has also funded Yulu’s $8 million Series A financing round. As part of the partnership, Bajaj will co-design and manufacture future generation of Yulu two-wheelers, Amit Gupta, cofounder and chief executive of Yulu, told TechCrunch in an interview.
The startup has raised about $18.5 million to date, he said.
More to follow…
https://techcrunch.com/2019/11/25/yulu-bajaj-auto/