Yulu and Zomato Join Hands to Make Last-Mile Deliveries Green

• Committed to sustainability, both companies have a vision to take this association to scale the usage of electric vehicles (EV) for deliveries in 2023
• Powered by Yulu’s purpose built for delivery electric vehicle - the DeX, that allows delivery partners to deliver in comfort and maximize their earnings

Yulu, India’s largest shared electric Mobility-as-a-Service (MaaS) player today announced its association with Zomato for using Yulu DeX EV for intra-city deliveries. Kicking off this project, about 25,000 - 35,000 Yulu DeX will be given to delivery partners onboarded on Zomato’s platform for last-mile deliveries on custom-made rental plans. Yulu is committed to making urban transportation sustainable and the association with Zomato is a significant step towards making last-mile delivery green and efficient.

Rising fuel prices and financial challenges are significant barriers for youth who want to onboard themselves as delivery partners. Yulu DeX solves most of these challenges, and provides a mobility solution that is very easy to access for all. Yulu has flexible rental packs and allows delivery partners to earn higher earnings compared to ICE-vehicles. Along with this, the delivery partners get access to Yuma Energy’s wide network of battery swapping stations to minimise their downtime during last-mile deliveries. Once deployed, these 25,000+ Yulu DeX have the potential of serving 3 Lakh green deliveries every day by 2026.

Pradeep Puranam, Head - Revenue & Operations, Yulu said, “We are excited to associate with Zomato given our mutual concern towards the environment and the need of giving delivery partners a safe, dependable, and sustainable mode of commute for daily deliveries. With Yulu’s deep understanding of the delivery ecosystem, purpose-built product DeX, robust operations and a wide network of battery swapping stations, our solutions can improve earnings of delivery partners by up to 40%. There is an increasing desire towards reducing carbon footprint among customers as well, so this is a win-win for customers, delivery executives and both the companies.”

Mohit Sardana, COO, Food Delivery at Zomato said, “At Zomato, we are committed to making a positive impact on the environment and the communities we serve. We are thrilled to associate with Yulu, to make the last-mile delivery operations more sustainable and efficient. As part of The Climate Group's EV100 initiative, we have committed to transitioning our delivery fleet to 100% electric, and with Yulu's support, we are glad to be on the right path to achieve this target. We are excited to continue our efforts to create a greener Zomato and a better world for all.”

This association with Zomato bears greater significance in Yulu’s endeavour to offer smart and affordable green mobility solutions to the delivery partners over the next few years. Over 4,000 delivery partners as of February 2023, onboarded on Zomato’s platform organically utilise Yulu’s EVs to make the last-mile deliveries.

Till date, Yulu has enabled 75 Mn+ green deliveries and benefited 50,000+ delivery partners.

Yulu is India’s largest shared electric mobility & Battery-as-a-Service company, founded in 2017 by seasoned & serial entrepreneurs with the mission to reduce traffic congestion & air pollution while improving livelihood for millions of people. Yulu offers accessible, equitable, and sustainable mobility to a large section of society with its purpose-built smart vehicles, cutting-edge technology, and efficient on-ground operations. Yulu is backed by very credible & deeply committed investors who share the same long-term vision. Already a pioneer in the EV industry, Yulu has influenced several progressive policies that have accelerated the pace of adoption of sustainable mobility in India. Yulu is also significantly contributing to the United Nations Sustainable Development Goals for a better planet now & for the future.

For further information, please visit www.yulu.bike or follow us on Twitter @YuluBike.

Zomato's mission is better food for more people. Started in 2010, Zomato, a tech-first company, offers services like restaurant search & discovery, reviews, ordering and home delivery of food, online table reservation, and digital payments when dining out. It also works with restaurant partners to provide tools to engage and acquire more customers while empowering them with a last-mile delivery service and a one-stop procurement solution - Hyperpure, for ingredients and kitchen products.

Apart from this, Zomato has been focusing on providing transparent and flexible earning opportunities to its delivery fleet and contributing towards a more sustainable society through its collaboration with Hunger Heroes, a not-for-profit - Feeding India.

India’s Largest Battery Swapping Network for Electric 2-Wheelers 'Yuma Energy' Launched By Magna and Yulu

• Yuma Energy, a joint venture between Magna and Yulu, is a tech-driven Energy-as-a-Service company
• Yuma’s Battery-as-a-Service (BaaS) network supports Yulu’s fleet and will be avaibale to other OEMs and mobility operators
• Plans to grow from 85 to 500+ stations across the country by end of 2023

Yuma Energy (Yuma), a joint venture between Magna, one of the world’s largest automotive suppliers and Yulu, India’s largest shared electric micro-mobility player, showcased today its next generation battery charging and swapping network for electric two-wheelers in India.

 Yuma has established a network of more than 85 Yuma Stations across Bangalore, Mumbai and Delhi, and plans to scale to over 500 stations across multiple cities by the end of 2023. Yuma Stations are densely located in high-demand areas and are equipped with integrated AI-powered charging units that are more connected, efficient, reliable and safe.

The Yuma network will not only support the rapidly growing electric two-wheelers fleet of Yulu but will also be available to other OEMs and mobility operators to enable reliable, convenient and efficient access to battery swapping to their customers.

“We are very excited to see Yuma Energy come to life and contribute to a more sustainable future in urban mobility,” said Matteo Del Sorbo, Magna Executive Vice President and Global Lead for New Mobility. “The launch of Yuma’s BaaS offering in India presents an opportunity for Magna to leverage our core competencies in engineering and manufacturing to capitalize on the rapid growth in the micromobility market globally.”

Amit Gupta, Co-founder & CEO, Yulu said, “This is a very special moment as Yuma Energy starts its journey with the launch of its Battery-as-a-Service network. We are excited to see Yuma Stations support Yulu Mobility’s needs and open up to more OEMs and mobility partners, offering their customers reliable and efficient access to energy.”

Yuma Energy is headquartered in Bengaluru and has approximately 250 employees currently in Delhi, Mumbai and Bengaluru. Its AI-powered tech stack, supply chain expertise and market understanding give it a unique and competitive position in the BaaS market.

ABOUT YUMA

Yuma is an Energy-as-a-Service company on a mission to build a sustainable future where transportation is accessible, affordable and carbon free. Backed by mobility technology company Magna and India’s largest shared electric micro-mobility player, Yulu, we offer the largest Battery-as-a-Service (BaaS) platform in India for two-wheelers. Our nationwide network of more than 85 swapping stations is helping redefine urban mobility with reliable, convenient and efficient access to energy.

Visit www.yuma.energy or follow us on social to learn how we are making a difference by powering the way people move.

India's First Bicycle-Sharing Startup To Start Service in Bengaluru in The Coming Weeks

In continuation to our earlier post today where we reported that InMobi co-founder Amit Gupta had quit the company to start his own venture which is a bicycle sharing startup called Yulu Bikes. The startup is now reported to begin operations in Bengaluru in the coming weeks.

Yulu, which is an IoT-enabled venture, will allow people to rent dockless bicycles via the Yulu Bikes app.

In beginning, Yulu will start with a fleet of a few hundred bicycles which is said to be powered by GPRS, GPS and Bluetooth technology. Users can book them via the iOS or Android app, just like they book a cab, and the bikes can be unlocked via QR codes. Yulu will charge the rider per 30 minutes of use.

[caption id="attachment_122532" align="aligncenter" width="995"] Yulu Bike[/caption]

Riders can rent and return bikes from all major locations in the city via the app. And payments can be made via “a secure and hassle-free digital wallet”. It is however not clear that which digital wallet will be used by the startup.

Moreover, Yulu is also said to be working with the local government to dedicate more lanes to bikes/bicycles, and also allot safe parking spaces for them.

“The bike-sharing space is pretty new India. At the same time, there are things happening in the country, as far as competition is concerned,” Gupta was quoted as saying.

Founded by Amit Gupta and his other co-founders - - R.K Misra, Naveen Dachuri and Hemant Gupta, Yulu's vision is to reduce traffic congestion by providing a scalable, affordable, efficient and clean solution for the first mile, last mile, and short distance commute.

InMobi Cofounder Amit Gupta Quits To Launch IoT-driven Bicycle Sharing Startup

InMobi’s co-founder Amit Gupta is stepping down from his executive role within the company, in just after five months, to launch internet of things-driven bicycle sharing startup Yulu.

Backed by Softbank, InMobi was founded by Amit Gupta along with Naveen Tewari, Mohit Saxena and Abhay Singhal in 2007. While Mohit Saxena had already quit the company to start his own venture, Amit has become the second co-founder to quit InMobi and now the company is left with Naveen and Abhay, among four of its co-founders.

Amit Gupta, who is also President of OEM and telco solutions, will now become CEO of Yulu. He, however, will remain involved with InMobi as co-founder.

"I am not leaving InMobi. I have always had a desire to be aligned with a social cause. This idea has germinated into something that finally fulfils this need. Naveen and my fellow co-founders have been an integral part of seeing me through this process. I will continue as co-founder at InMobi minus the operational capabilities", said Amit Gupta in a statement.

Gupta's new venture Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless bicycles that people can rent using their iOS or Android phone. The bikes unlock via QR codes and bill the rider for every 30 minutes of use.

Bike-sharing has become a new hotbed for founders and VCs, globally. In China, companies Ofo and Mobike have both achieved unicorn status for their respective bike-sharing startups. While Ofo had already showed its interest to launch its services in India, Zoomcar has too launched its bicycle-rental service PEDL, last month.

It is also notable that while Yulu is IoT-driven and launching its services first in the city of Bangalore. To recall, the city-- in July-- had announced that it is working on making IoT-enabled roads.