Yulu and Bajaj Auto roll out Miracle GR and DeX GR electric vehicles

28 Feb 2023 , 11:51 AM

Yulu, a shared electric mobility startup, and Bajaj Auto announced the launch of two electric two-wheelers for daily commute and last-mile delivery.

These new generation vehicles are built on a purpose-built platform for electric 2-wheelers designed specifically for Indian consumers, climate, and road conditions.

The two electric vehicles, which will be rolled out by Bajaj Auto’s wholly-owned subsidiary Bajaj Chetak Technology Ltd, will be powered by Yulu’s technology stack and exclusively manufactured by Bajaj Auto, Yulu said in a release.

Amit Gupta, the CEO, and co-founder of Yulu stated that the evolving mobility demands and shifting customer preferences are causing a disturbance in conventional ownership models. According to him, the introduction of their latest launch will reinforce their dominant stance as a leading provider of shared mobility solutions.

Yulu claims to have doubled its fleet in the last three months and plans to deploy 100,000 vehicles across the country’s major cities. In order to meet its target of more than tenfold revenue growth by the end of the year.

Yulu expects significant cost savings and meaningful improvements in operating metrics and overall financials by manufacturing these vehicles at Bajaj’s facility, owing to locally sourced parts and assembly, superior production quality, and optimized economies of scale.

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