Bike-sharing startup Yulu launches e-scooter in Bengaluru

The dockless bike-sharing platform Yulu, has increased its electric scooter Yulu Miracle in partnership with Electronics City Industrial Township Authority (ELCITA) in Bengaluru.

Bengaluru based platform has deployed around 200 Yulu Miracle e-bikes. This is to encourage e-mobility and deal with the issue of vehicular congestion in the technology hub of the city.

Yulu was launched in 2017 by Amit Gupta, RK Mishra, Hemant Gupta, and Naveen Dachuri.

It initially started as a bicycle sharing platform for efficient and green first mile and last mile deliveries, as well as short commutes to reduce car-based congestion.

“The Yulu Miracle is essentially a custom-made electric two-wheeler built for shared mobility. Around 1,000 Yulu Miracles are currently running in Bengaluru,” Gupta said.

He also added that the company is aiming to launch the Miracle in Pune and Mumbai in the next couple of months.

Till date, Yulu has raised $7 million, backed by investors including Blume Ventures, Binny Bansal, Naveen Tewari and Girish Mathrubootham.

Electric mobility is one of the top priorities for the government and it has led to the emergence of many private players such as Yulu. Some of the notable players in this space are VOGO, Bounce, ONN Bikes and Mobycy.

Other electric vehicles firms such as DOT, Okinawa, and e-HIRAN are partnering with the major ecommerce and delivery platforms to enable greener deliveries.

Hence, to encourage more use of EVs for such deliveries, the Delhi state government is likely to launch an electric vehicle scheme for the app-based doorstep delivery companies, with incentives to those companies who choose to use electric vehicle fleet for its services.

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