{"id":521570,"date":"2022-09-13T10:36:52","date_gmt":"2022-09-13T05:06:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=521570"},"modified":"2022-09-13T12:11:55","modified_gmt":"2022-09-13T06:41:55","slug":"yulu-bags-rs-653-crore-from-magna-to-expand-footprint","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/yulu-bags-rs-653-crore-from-magna-to-expand-footprint\/","title":{"rendered":"Yulu bags Rs 653 crore from Magna; to expand footprint"},"content":{"rendered":"<p>Shared mobility startup Yulu has raised Rs 653 crore in its latest funding round led by US mobility technology company Magna International Inc.<\/p>\n<p>Yulu \u2013 which runs around 10,000 electric two-wheelers in Bengaluru, Delhi, and Mumbai \u2013 plans to use the money to scale up its fleet, widen its battery-swapping network and expand into more cities.<\/p>\n<p>&#8220;We think that the current model of Yulu running and owning an entire operation is good for all Tier 1 cities and there must be a different business model for less-populated cities and we are yet to figure out and take a decision in this regard, but we feel Chennai, Kolkata and Pune are large opportunities,&#8221; Amit Gupta, the chief executive officer and co-founder of Yulu, told DH.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shared mobility startup Yulu has raised Rs 653 crore in its latest funding round led by US mobility technology company Magna International Inc. Yulu \u2013 which runs around 10,000 electric two-wheelers in Bengaluru, Delhi, and Mumbai \u2013 plans to use the money to scale up its fleet, widen its battery-swapping network and expand into more cities. &#8220;We think that the current model of Yulu running and owning an entire operation is good for all Tier 1 cities and there must be a different business model for less-populated cities and we are yet to figure out and take a decision in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-521570","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=521570"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/521570\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=521570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=521570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=521570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}