Yulu Bikes Private Limited (“Yulu”) has raised an aggregate amount of USD 93 million through a combination of USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt. TT&A advised Bajaj Auto Limited (“BAL”), an existing shareholder of Yulu, in connection with the transaction.

The investment will fund Yulu’s business expansion plans and the launch of Yulu Express; a faster scooter aimed at longer-distance deliveries and bike-taxi services.

TT&A Team: Punita Gupta – Partner; Akshita Alok – Counsel; and Prerna Raturi – Senior Associate