By the end of the current calendar year, Yulu Bikes, a supplier of shared mobility services, may unveil its third-generation electric two-wheeler platform in conjunction with strategic partner Bajaj Auto.
The platform has a high level of localization and was created by Bajaj Auto specifically for Yulu Bikes.
On the next-generation electric platform, Yulu Bikes intends to introduce a number of versions with a focus on commercial operators in the food delivery and last-mile connectivity areas.
With the new goods, Yulu Bikes secured $82 million (Rs653 crore) in Series B funding backed by Canadian auto part manufacturer Magna International in September. The company plans to boost operations 10X over the course of the following year.
By October 2023, the business hopes to have 100,000 electric two-wheelers on the road.
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