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Electric mobility startup Yulu is reportedly in advanced discussions with multiple investors and institutions to raise $75-80 million in a new round of funding, as the company looks to capitalise on the surging demand in quick commerce and hyperlocal delivery segments. This development, first reported by The Economic Times, comes as part of the startup’s ongoing $100 million Series C funding plan, announced in October 2024.
The funding round is expected to be a mix of debt and equity, according to Yulu, which is backed by Bajaj Auto Ltd. and…
