Yulu's e-fleet
Yulu has improved the livelihoods of over 150,000 riders, including women, and their families. Its value proposition offers up to 40% savings compared to traditional internal combustion engine (ICE) vehicles, making it the preferred choice for delivery riders. This cost-efficiency has strengthened Yulu's partnerships with companies like Zomato, Zepto, Blinkit, and Swiggy.
Currently, Yulu’s fleet consists of over 40,000 electric vehicles, marking significant growth in users and revenue over the past 24 months. Amit Gupta, Co-founder and CEO of Yulu, commented on the milestone, saying, "Yulu is delighted to achieve the EBITDA-positive milestone. As the country’s largest shared electric mobility player, Yulu is a critical enabler for the instant delivery revolution. The simplicity and ease of our platform allow gig workers without vehicles to join the delivery workforce while also addressing the crucial supply gap in the quick commerce value chain. With its best-in-industry technology stack and reliable, purpose-built EVs by Bajaj Auto, Yulu stands out with a unique advantage and unmatched scalability. We’re excited about the future and look forward to seizing the vast opportunities in instant and hyperlocal deliveries."
Yulu’s use of AI and ML
Yulu’s presence is notable in the areas it serves, achieving nearly 100% coverage of dark stores. Its electric vehicles account for 35% to 80% of all vehicles at these store levels, enabling over 20 million green deliveries monthly. This strong market presence is a key driver of the hypergrowth seen in quick commerce.
Despite the capital-intensive nature of the shared mobility industry, Yulu has maintained its focus on positive unit economics. The company invests in continuous product improvements and leverages data science, AI, and machine learning to enhance monetisation and operational efficiency. This strategy has allowed Yulu to scale operations without significantly increasing fixed costs.
As a leader in shared electric mobility, Yulu is well-positioned to benefit from the expanding quick commerce sector, projected to grow ten-fold by 2030. The company will also gain from Central and State policies aimed at boosting transport electrification and e-commerce, including the ONDC initiative, which offers additional earning opportunities for Yulu riders.
Earlier this year, Yulu introduced the Yulu Business Partner (YBP) initiative, extending its shared mobility services to non-metro cities such as Indore, Kochi, Tirunelveli, and Pondicherry.
Expanding its services, Yulu plans to launch a mid-speed electric two-wheeler later this year. This EV will cater to a variety of use cases, including bike taxis, e-commerce deliveries, long-distance food orders, courier services, and higher payload goods deliveries, with a top speed of 45 kmph.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
