Yulu's Series C: Bajaj and Magna Skip Final Round as CEO Eyes IPO

Bajaj Auto and Magna International waived their right to invest in Yulu's $93 million Series C and declined to participate. The Bengaluru e-mobility startup spent $5.5 million buying out seed investors whose funds were expiring. CEO Amit Gupta says this is Yulu's last equity raise before going public, with future fleet growth funded by debt and leases.