Bajaj Auto is in talks with Bengaluru-based bicycle and low-speed electric scooter rental startup Yulu to invest about $6-8 million in the ongoing round that is slated to go upto $15-20 million. The due diligence is going on and the deal is expected to be closed in coming weeks.
The new startup currently covers the area of Bengaluru, Navi Mumbai, and Pune with about an inventory of 8,000 cycles and 500 e-scooters. (Source)
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