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CosmicTaco
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Grapevine

Yulu Achieves $30M ARR and EBITDA Positivity Amid Quick Commerce Boom

  • Yulu reports crossing $30M ARR and turning EBITDA positive due to increased demand for quick commerce and supportive government policies.
  • The company, with over 40,000 electric vehicles, plans to deploy 100,000 EVs by 2025 and raise $100M in Series C funding for expansion.
  • Last year, Yulu raised $82M in Series B funding led by US-based Magna International and Bajaj Auto.
  • Yulu facilitates over 20M deliveries per month, saving 30-40% cost compared to traditional fuel vehicles.
  • The company's growth is supported by its battery-swapping network, Yuma Energy, and partnerships with quick commerce players like Zomato, Zepto, Blinkit, Swiggy, among others.

Source: Inc42

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Ola might just win this by delivering to people even before they can even dream of buying something using AI and his ...

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Paani ki tarah paisa bahake market kharaab karna aata hai bas. BC existing products ko inprove kar lo na. Ya koi nayi...

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Expect to see more rowdy delivery drivers on the road. Be prepared to get your expensive cars scratched. I wonder why...

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