DC Advisory advises Yulu on its Series C funding of $93m led by GEF Capital Partners
Background
- Founded in 2017 with a mission to make urban commuting clean, accessible, and sustainable, Yulu has grown to become one of India’s leading electric mobility-as-a-service (MaaS) platforms
- Headquartered in Bengaluru, Yulu operates across major metropolitan areas, including Bengaluru, Mumbai, Delhi NCR, and Hyderabad, operating India’s largest electric mobility platform that combines its own vehicles, technology, and energy infrastructure
- With a vision to shape the future of urban transportation, Yulu has influenced national-level EV policy, enabled last-mile connectivity, and generated meaningful livelihood opportunities for hundreds of thousands of people
- Yulu’s fleet of nearly 50,000 electric two-wheerlers logs 2.5m zero-emission kilometers and facilitates over 750,000 doorstep deliveries daily, powering over 15% of all quick-commerce deliveries across India’s top four metropolitan centers
Process
- DC Advisory acted as the exclusive financial advisor to Yulu and its shareholders
- DC Advisory conducted a global investor outreach to technology, EV, and climate-focused investors
- DC Advisory worked closely with the leadership team at Yulu to articulate its unique business model of MaaS becoming the foundational layer powering multiple gig economy sectors such as quick commerce, food delivery, bike taxi services, and logistics
- DC Advisory provided comprehensive advisory support, including assistance with the management of investor interactions and the due diligence process, and the preparation of marketing materials and transaction documentation
Outcome
- In August 2026, Yulu raised $93m in Series C funding through a combination of $63m in growth equity investment led by GEF Capital Partners and $30m in debt financing
- This fundraise consolidates Yulu’s category-defining leadership in the quick-delivery and hyperlocal services segments while funding its next phase of enterprise growth
- The proceeds will be deployed to quadruple Yulu’s active fleet to 200,000 EVs over the next two years, expand service hubs, and deepen strategic enterprise partnerships
- This transaction showcases DC Advisory’s expertise in the Consumer Technology sector and its extensive experience in EV private placements
"We had a positive experience working with the DC Advisory team throughout our fundraising process. Their strategic guidance, attention to detail, and understanding of our business helped present Yulu’s growth narrative and its pivotal role in the booming quick-delivery ecosystem clearly to investors.”
“It has been an absolute privilege to work alongside the visionary founders at Yulu. What Amit, Anuj, Naveen, and RK have engineered is nothing short of incredible – a green mobility ecosystem built from the ground up that is reshaping urban logistics. We are incredibly grateful for their trust in DC Advisory as their exclusive advisor, and we look forward to watching them achieve their bold long-term vision for the industry.”
- Consumer, Leisure & Retail
Disclaimer
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