Yulu Bikes, a shared mobility services provider, has secured $19.25 million in funding from existing investors Magna and Bajaj Auto, with whom it has a strategic partnership for electric vehicle development. The funds will support the launch of a new product, expansion efforts, and technological advancements. Yulu has witnessed significant demand growth, particularly in Gurugram and Mumbai, prompting the need for additional capital to accelerate expansion plans. Read The Rest at :