<ul data-eligibleForWebStory="false"><li>Electric mobility startup Yulu is raising $8.2 Mn from its cofounders and existing investors via a rights issue.</li><li>Yulu's board passed a resolution to allot Series B3 CCPS to existing shareholders, including cofounders and key investors Bajaj Auto and Magna International.</li><li>Yulu also raised $2.9 Mn from Magna International through the allotment of Series B3 CCPS.</li><li>Yulu plans to raise $100 Mn in its upcoming Series C round and has turned EBITDA positive for a few months in FY25.</li></ul>

Exclusive: Yulu To Raise $8.2 Mn From Cofounders Via Rights Issue

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