Electric mobility startup Yulu raises $9 mn via debt-financing

Electric mobility startup Yulu raised $9 million in funding from US International Development Finance Corporation (DFC) through debt-financing. The Bengaluru-based firm was founded in 2017 by RK Misra, Naveen Dachuri, Hemant Gupta and Amit Gupta and provides urban mobility supported by AI-powered battery. In September, Yulu raised $82 million in a funding round led by Canada's Magna International.