<ul><li>Yulu, backed by Bajaj Auto, reported a 188% rise in revenue to ₹119.9 crore in FY24.</li><li>The increase in revenue was driven by the sale of products, income from electric vehicles, and bicycle renting services.</li><li>However, the company also reported a 51% rise in total losses for FY24, reaching ₹142.8 crore.</li><li>Yulu plans to double its on-ground presence to 100,000 EVs by 2025 and aims to turn profit after tax positive before pursuing an IPO.</li></ul>

Yulu reports nearly 188% rise in FY24 revenue

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