Electric two-wheeler startup Yulu has seen some big financial gains. Their revenue almost doubled to ₹242 crore in FY25, from ₹123 crore the year before. This is according to financial statements. It shows how well tech-based mobility startups are doing as digital platforms grow fast in the D2C space in India.
This growth highlights the increasing need for green ways to get around cities. Yulu is a top shared electric micro-mobility service here. They’ve made a name for themselves by working on last-mile rides with electric bikes. They are also building up charging and battery-swapping places.
Most of Yulu’s income in FY25 came from renting out electric vehicles. This made up about 85% of their total income, around ₹201 crore. They also made money by selling goods worth ₹22.7 crore, and from manpower services that made ₹13.3 crore. The rest came from franchise operations and deliveries, bringing their total income to ₹237.5 crore in FY25.
This revenue jump represents Yulu getting bigger in cities and more people using shared electric rides. Amit Gupta, RK Misra, Naveen Dachuri, and Hemant Gupta started the company in August 2017. Now, Yulu is in big cities such as Bengaluru, Mumbai, Delhi NCR, Gurugram, and Hyderabad.
Based in Bengaluru, Yulu uses tech like IoT, machine learning, and AI to match ride demand and supply. The Yulu app lets you track rides in real-time. This tech focus has helped them grow efficiently while making the most of their vehicles and operations.
Yulu is one example of a rising type of platform that mixes tech, vehicles, and easy-to-use apps to make urban transport systems. These platforms are becoming a bigger part of how India is doing business, where people can get services right from their phones without go-betweens.
Even with the big jump in revenue, Yulu is still putting a lot of money into infrastructure, more vehicles, and new tech. The company’s operational costs were ₹151.6 crore in FY25, about 43% of their total spending. This covers things like moving vehicles, fixing electric vehicles, keeping up equipment, tech investments, building more infrastructure, and using batteries and parts.
In all, Yulu’s spending went up by 35% to ₹350.7 crore in FY25, from ₹258.3 crore the year before. But, they also cut their losses by 11.8% to ₹126 crore in FY25, from ₹142.8 crore in FY24. On average, the company spent about ₹1.48 to make every ₹1 of income during the year.
Yulu is doing well because more people are switching to green transport and shared rides, especially in crowded cities. The company’s electric vehicles and battery-swapping places also help India move toward cleaner transportation.
For those following D2C news in India, Yulu’s finances show how well mobility startups can do when they combine tech, sustainability, and platform-based services. As cities need more ways to get around, companies like Yulu will probably be key in changing how we travel in India.
With rising revenue, operations getting better, and growing city presence, Yulu is becoming a bigger player in India’s shared electric mobility world. They support the country’s move toward tech-driven mobility and digital platforms.
