Browsing Tag
Magna International Inc.
2 posts
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.
Seeing Machines (AIM: SEE) pulled four years of royalties forward, but the October debt gap remains
Seeing Machines Limited (AIM: SEE) brought forward US$14.1 million of royalties, equal to 22.8% of its disclosed October note payment, as production growth strengthens its refinancing case.