Electric mobility startup Yulu has raised $93 million in fresh funding, comprising $63 million in equity and $30 million in debt, to “quadruple” its fleet and expand into ecommerce logistics, bike taxis and express parcel delivery.
The equity funding component was led by GEF Capital Partners. Yulu did not name any other equity investors in the round or the lenders. The startup also did not disclose its valuation.
