Yulu secures $93 million to accelerate its 200,000‑bike fleet expansion

Yulu, a company focused on electric two‑wheelers, plans to operate a fleet of 200,000 bikes within the next two years and to develop faster e‑bikes for logistics applications. On August 11, 2026, the firm announced that it had raised $93 million in new financing, though the round type was not specified and no lead investors were identified in the release. The capital will be directed toward scaling production, expanding the bike fleet, and accelerating the development of higher‑speed electric two‑wheelers aimed at emerging logistics use cases. By increasing the number of vehicles and broadening the product line, Yulu hopes to capture a larger share of the growing e‑bike market, which is seeing heightened demand for low‑emission urban mobility and last‑mile delivery solutions. The company’s strategy reflects a broader industry trend where manufacturers are targeting both consumer commuters and commercial logistics operators with versatile electric platforms. While the announcement did not name any participating investors, the sizable injection of funds signals confidence in Yulu’s growth plan and its potential to compete with other e‑bike providers that are also expanding into logistics. The infusion of $93 million gives Yulu the financial runway to pursue its aggressive rollout schedule and to position itself as a key player in the evolving electric mobility ecosystem.