Yulu's annual revenue has reportedly exceeded INR 30 crore,
with an ARR (Annual Recurring Revenue) of $3 million. The company claims to have achieved positive EBITDA (Earnings Before Interest,
Taxes, Depreciation, and Amortization), driven by the increasing demand for quick commerce and food delivery services, along with favorable government policies.

Yulu currently operates more than 40,000 electric vehicles and plans to deploy 100,000 electric vehicles by 2025. To support this expansion, Yulu aims to raise $100 million in a Series C funding round next year. In September of last year, the company raised $82 million (INR 653 crore) in a Series B funding round, in partnership with Bajaj Auto, led by US-based Magna International.

Founded in 2017 by Amit Gupta, R.K. Mishra, Naveen Dachuri, and Hemant Gupta, Yulu provides electric two-wheeler mobility services in Bengaluru, Delhi NCR, and Mumbai, with plans to expand to Hyderabad, Kolkata, and Chennai.

The startup claims that its electric vehicles offer cost savings of 30-40% compared to conventional fuel vehicles and facilitate more than 20 million deliveries per month. Its AI-powered platform enables scalability while maintaining efficiency, according to company insiders. 

Yulu's growth is further supported by its battery-swapping network, Yuma Energy, and partnerships with quick commerce companies like Zomato, Zepto, Blinkit, and Swiggy.

The company also aims to capitalize on growth opportunities from central and state-level policies that promote transport electrification and e-commerce, including the government-backed Open Network for Digital Commerce (ONDC).