Electric mobility startup Yulu raises $82 million in funding

Electric mobility startup Yulu has raised $82 million in a Series B funding round led by Canada-based mobility technology firm Magna International. Existing investors, including Bajaj Auto, also participated in the current round. The startup was founded in 2017 by Amit Gupta, RK Misra, Naveen Dachuri and Hemant Gupta, three of whom graduated from IIT Kanpur.