{"id":635864,"date":"2024-02-23T11:11:10","date_gmt":"2024-02-23T05:41:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=635864"},"modified":"2024-02-23T11:11:10","modified_gmt":"2024-02-23T05:41:10","slug":"yulu-raises-19-25-mn-from-magna-and-bajaj-auto-eyes-expansion-new-product-launch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/yulu-raises-19-25-mn-from-magna-and-bajaj-auto-eyes-expansion-new-product-launch\/","title":{"rendered":"Yulu raises $19.25 mn from Magna and Bajaj Auto, eyes expansion &amp; new product launch"},"content":{"rendered":"<p>Shared mobility services provider Yulu Bikes has raised $19.25 million (about Rs 160 crore) from existing strategic investors Magna and two-wheeler maker Bajaj Auto, with which it has a strategic partnership to develop electric vehicles (EVs).<\/p>\n<p>The money will be used to launch a new product, extend reach and develop technology, Amit Gupta, co-founder and CEO of Bengaluru-headquartered Yulu Bikes, told ET, adding that the equity infusion will help the company fast-track its growth plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shared mobility services provider Yulu Bikes has raised $19.25 million (about Rs 160 crore) from existing strategic investors Magna and two-wheeler maker Bajaj Auto, with which it has a strategic partnership to develop electric vehicles (EVs). The money will be used to launch a new product, extend reach and develop technology, Amit Gupta, co-founder and CEO of Bengaluru-headquartered Yulu Bikes, told ET, adding that the equity infusion will help the company fast-track its growth plans.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-635864","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/635864","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=635864"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/635864\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=635864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=635864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=635864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}