India, June 22 -- Bengaluru-based electric vehicle provider Yulu has raised INR 30 Cr ($3.9 Mn) in a fresh equity funding round led by US-based VC firm Rocketship and existing investors.

The company will use the funding to strengthen the mobility platform, technology solutions, and enable rapid expansion. The company had earlier raised $20 Mn funding from investors including Blume Ventures, 3One4 Capital, Wavemaker Partners, Incubate Fund India, Grey Cell Ventures and others.

Yulu, founded in 2017 by Amit Gupta along with RK Misra, Naveen Dachuri and Hemant Gupta, is a technology-driven mobility platform which uses IoT, ML, and AI for demand-supply management and efficient operations. Currently, Yulu is present in Bengaluru, New Delhi, ...