Yulu is a micro-mobility platform that offers shared electric two-wheelers and bicycles for rent in various Indian cities. Users can download the Yulu app, locate the nearest vehicle, scan the QR code to unlock it, ride safely to their destination, and end the ride by parking at a Yulu zone. The service aims to provide convenient, affordable, and eco-friendly transportation for urban commuters. The pricing of Yulu bikes and cycles varies depending on the city and the duration of the ride. For example, in Mumbai, a Yulu Miracle bike costs Rs 10 for the first 10 minutes and Rs 10 for every subsequent 10 minutes, while a Yulu Move cycle costs Rs 5 for the first 30 minutes and Rs 5 for every subsequent 30 minutes.
Yulu wants to grow its service in India and other countries. The company has joined forces with different organizations to add more vehicles and make them more accessible. For example, Yulu has teamed up with Zomato to give about 25,000-35,000 Yulu DeX bikes to delivery people for final-mile deliveries. Yulu has also introduced its electric two-wheeler Yulu Wynn, which can be ordered online for Rs 55,555. In addition, Yulu has received funding from several investors, including Bajaj Auto and US-based Rocketship VC, to help its expansion and innovation. Yulu aims to become a world leader in micro-mobility services that help ease traffic and pollution.
Long-Term Bike Rental Services
'Yulu' Offers Bike Rentals from an App for Up to 90 Days
Trend Themes
1. Shared Micro-mobility Services - Opportunity to expand bike rental services to other countries and promote eco-friendly transportation.
2. Partnerships with Delivery Platforms - Opportunity to collaborate with food delivery platforms to provide bikes for final-mile deliveries.
3. Electric Two-wheelers - Opportunity to introduce and promote electric bikes and two-wheelers for sustainable transportation.
Industry Implications
1. Transportation - Opportunity for disruptive innovation in the bike rental industry through shared micro-mobility services.
2. Food Delivery - Opportunity for disruptive innovation in the food delivery industry through partnerships with bike rental services.
3. Electric Vehicles - Opportunity for disruptive innovation in the electric vehicle industry through the introduction of electric bikes and two-wheelers.