Yulu plans to increase its fleet size to 100,000 electric two-wheelers by Dec 2020
Bengaluru – Bajaj Auto Limited (BAL), the leading automaker of India, has joined hands with Yulu, the largest shared e-mobility service provider, to transform urban commute in India.
Bajaj Auto Ltd is investing $8mn in YULU, to compliment this strategic relationship. Yulu will source from Bajaj electric two-wheelers which have been co-designed and manufactured exclusively for shared micro-mobility. Bajaj will also consider facilitating the vehicle finance needs of YULU for a large scale deployment of its micro-mobility electric vehicles.
Consumer adoption of EVs has been limited due to practical factors like range anxiety and availability. On the other hand, improving asset utilization of the existing class of vehicles with shared-mobility platforms has not been able to reduce the dual problem of traffic congestion and pollution in a significant way.
With it’s IoT-enabled EV Fleet and ML-driven network intelligence, Yulu is solving for the demand-supply problem and growing its footprint in a sustainable manner. Through its early partnerships with mass rapid transit systems like Metro, Yulu layers commuter patterns on top of its network intelligence bringing high availability and convenience to its customers. This technology-driven approach is key to continuously increase operational efficiency and help reduce traffic congestion in a meaningful way.