Bajaj Auto pumps in $8 million into mobility startup Yulu
Yulu is a dockless, lithium-powered scooter focusing largely on the sub-5 km first- and last-mile connectivity.
Bajaj Auto, has invested $8 million (about Rs 57 crore) in bicycle and electric scooter rental startup Yulu.
Bajaj is also going to manufacture customised electric scooters for the Bengaluru based startup and will also consider facilitating the vehicle finance needs of Yulu, through its financial services arm Bajaj Finserv.
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