The co-founder and CTO of e-mobility startup Yulu says that the post-Covid boom in last-mile deliveries fueled by the growth of e-commerce and quick-commerce platforms, has enabled a hockey-stick growth for the company.
24 Dec 2024 | 3354 Views | By Prerna Lidhoo
A prominent name in the last-mile delivery fleet services segment, Yulu, is enabling sustainable deliveries, particularly for quick-commerce and e-commerce majors, with its compact electric two-wheelers - assets that are aimed at gig workers in urban landscapes. The Bengaluru-headquartered e-mobility startup which was founded in CY2017, saw a significant growth ...
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A prominent name in the last-mile delivery fleet services segment, Yulu, is enabling sustainable deliveries, particularly for quick-commerce and e-commerce majors, with its compact electric two-wheelers - assets that are aimed at gig workers in urban landscapes. The Bengaluru-headquartered e-mobility startup which was founded in CY2017, saw a significant growth in its last-mile fleet services business, particularly after CY2020, as the country registered a boom in the usage of e-commerce and quick-commerce platforms after Covid.
While Yulu presently commands a dominating 35-40% penetration in the key urban markets such as Delhi-NCR, Bengaluru, and Mumbai, among others, that it presently serves, it aims to cater to as much as 60-70% of the last-mile delivery demand in India. In this video interview, Naveen Dachuri, Co-Founder and CTO, Yulu, reveals that the company averages 20 million deliveries every month, and talks about Yulu's next step of getting to a positive PAT.
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