Yulu Achieves $30M ARR and EBITDA Positivity Amid Quick Commerce Boom

• Yulu reports crossing $30M ARR and turning EBITDA positive due to increased demand for quick commerce and supportive government policies.
• The company, with over 40,000 electric vehicles, plans to deploy 100,000 EVs by 2025 and raise $100M in Series C funding for expansion.
• Last year, Yulu raised $82M in Series B funding led by US-based Magna International and Bajaj Auto.
• Yulu facilitates over 20M deliveries per month, saving 30-40% cost compared to traditional fuel vehicles.
• The company's growth is supported by its battery-swapping network, Yuma Energy, and partnerships with quick commerce players like Zomato, Zepto, Blinkit, Swiggy, among others.

Source: Inc42