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Yulu targets 200,000-vehicle fleet after $93m financing as IPO revenue gap comes into focus
Yulu has raised $93 million to expand from 50,000 to 200,000 electric two-wheelers and enter more Indian cities. The funding strengthens its last-mile delivery platform, but management’s ₹1,200 crore to ₹1,500 crore revenue ambition means the business must scale far beyond simply adding vehicles.