Debt financing
EV Mobility platform Yulu raises $9-M from US DFC
Bajaj Auto-backed shared electric mobility firm Yulu has raised USD 9 million in debt from US International Development Finance Corporation (DFC). DFC made the investment through its new e-mobility financing team, as a part of the institution's focus on financing clean and zero-emission transportation solutions in India. Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai and Delhi-NCR and is supported by Battery-as-a-Service (BaaS) platform Yulu Energy.
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