Yulu, an e-mobility service provider, has created the ‘Yulu Max Network,’ a network of battery charging and switching stations, and is currently soliciting money in a Series B round to sustain the network.
Yulu CEO Amit Gupta previously stated that the business was trying to fund $40 million for its Yulu DEX bikes, which are geared toward the gig economy. The company is now anticipated to obtain a considerably larger amount of funding to support Yulu Max Network’s expansion as well.
By the middle of 2022, the business wants to open 500 Yulu Max stations across Bengaluru, Mumbai, and the Delhi NCR region, starting with ten in Bengaluru.
