- Yulu
- Bajaj Auto
- Amit Gupta
- Zepto
- Zomato
- Flipkart
- Blinkit
- Swiggy
- Amazon
- bike taxi
- Yuma Energy
Yulu Becomes EBITDA Profitable, Annual Recurring Revenue Crosses $30 Million
- by MT Bureau
- October 07, 2024
Yulu, an electric vehicle and shared mobility start-up, has announced that it has become India’s largest EBITDA (earnings before interest, taxes, depreciation and amortisation) profitable shared electric mobility company and also has crossed an Annual Recurring Revenue (ARR) of $30 million (INR 2.5 billion).
This milestone has been achieved through Yulu’s product-market fit, the surging demand for quick commerce and food delivery services, and policy tailwinds.
The company claims to have over 40,000 EVs and has added more than seven-fold (7X) customers over the last 24 months.
Armed with a scalable growth engine powered by its AI-enabled full-stack EV platform, and supported by Yuma Energy – one of India’s largest battery-swapping networks – Yulu has been instrumental in fueling the hypergrowth of quick commerce. As an integral part of the delivery ecosystem, Yulu has significantly contributed to Sustainable Development Goals by enabling green deliveries to millions of consumers across 11 cities in India.
Amit Gupta, Co-Founder and CEO, Yulu said, “Yulu is delighted to achieve the EBITDA-positive milestone. As the country’s largest shared electric mobility player, Yulu is a critical enabler for the instant delivery revolution. The simplicity and ease of our platform allow gig workers without vehicles to join the delivery workforce, while also addressing the crucial supply gap in the quick commerce value chain. With its best-in-industry technology stack and reliable and purpose-built EVs by Bajaj Auto, Yulu stands out with a unique advantage and unmatched scalability. We’re excited about the future and look forward to seizing the vast opportunities in instant and hyperlocal deliveries.”
Yulu is now doubling down on its plan to deploy 100,000 EVs by 2025. To finance this expansion, the company will raise $100 million (INR 8.3 billion) in Series C debt and equity funding over the next 12 months.
The EV maker states delivery riders prefer its e-scooters since it enables 30-40 percent higher savings over ICE vehicles. To date, the company has enabled better livelihoods for over 1,50,000 riders – including women – and their families.
The value proposition of Yulu’s purpose-built EV platform also lowers delivery companies’ logistics and manpower costs and has enabled the company to build deep partnerships with food delivery and quick commerce businesses like Zomato, Zepto, Blinkit, Swiggy, and others.
Owing to these factors, in areas served by Yulu, the company has nearly 100 percent coverage of dark stores. Yulu’s EVs comprise 35 percent (in some cases, up to 80 percent) of all vehicles at the store level. Its strong market presence enables Yulu to power over 20 million green deliveries every month.
Going forward, Yulu plans to launch a mid-speed electric two-wheeler, which will be unveiled before the year-end. With a top speed of 45kmph, the EV will cater to additional use cases like bike taxis, e-commerce deliveries, long-distance food orders, and courier services, besides higher-payload goods deliveries
- BMW Motorrad
- Auto Expo 2025
- Bharat Mobility Global Expo 2025
- BMW S 1000 RR
BMW Motorrad India launches the new S 1000 RR
- by MT Bureau
- January 18, 2025
BMW Motorrad has officially launched the new BMW S 1000 RR in India on the second day of Auto Expo 2025. Known for its outstanding performance and cutting-edge engineering, the S 1000 RR will be available as a completely built-up unit. Bookings have begun across the BMW Motorrad dealership network and deliveries are expected to start in April 2025. The introductory ex-showroom price of the bike is INR 2,110,000.
Riders can personalise their experience further with two optional packages. The dynamic package focuses on enhancing racing performance and comfort, featuring dynamic damping control for optimal damping and road contact, along with electronic cruise control and heated grips. The M package, tailored for a sportier aesthetic includes exclusive light white or M motorsport paintwork, M carbon wheels, an M sport seat and a black fuel filler cap, among other enhancements.
Aerodynamically, the new S 1000 RR boasts a high windscreen and re-designed side winglets that generate increased downforce of 23.1 kg at 300 km/h, a significant improvement over the previous model. These features enhance rider confidence, cornering speeds and stability. The front wheel area now includes brake ducts integrated into the fender, optimising airflow and reducing brake temperatures during track use. The bike also features asymmetrical side panels with dynamic gill designs inspired by the original S 1000 RR.
Performance is powered by a 999cc inline-four engine with BMW ShiftCam Technology, delivering 210 hp at 13,750 rpm and a top engine speed of 14,600 rpm. The engine features variable intake funnels for improved power delivery at higher speeds. The race-tuned anti-hopping clutch increases safety during braking, while the gear shift assistant pro ensures seamless upshifting. The chassis incorporates an aluminium bridge frame, a height-adjustable suspension strut and an M Chassis Kit, allowing customisation of the swingarm pivot point and rear-end height for precision handling.
Riding modes have been expanded to suit both road and track conditions. In addition to rain, road, dynamic and race modes, the pro riding modes include race pro 1-3, which offer customisable settings for engine braking, ABS and traction control. Hill start control pro, launch control and pit lane limiter further enhance functionality, while dynamic traction control includes adjustable wheelie suppression for maximum acceleration.
Safety and technological features include M brakes, ABS pro with brake slide assist and a 6.5-inch TFT display with multiple screen configurations tailored for road or racetrack use. The lightweight M battery and USB charging socket are now standard, adding to the bike’s convenience and functionality.
To make ownership seamless, BMW Financial Services India provides flexible financing options including financing for accessories. Every BMW Motorrad bike comes with a three-year unlimited-kilometre warranty, extendable to five years, along with 24*7 roadside assistance for breakdowns or towing.
Commenting on the launch, BMW Group India President Vikram Pawah said, "The new BMW S 1000 RR continues with its endless strive for improvement and success securing its leading position. It is a favourite amongst racing enthusiasts looking out for the next thrill. The new BMW S 1000 RR with even higher track performance is the Superbike icon. BMW Motorrad has once again set emphasis on the sporty aspirations and the BMW DNA, making what’s good even better.”
- TVS Motor Company
- Bharat Mobility Global Expo 2025
- Norton Motorcycles
- TVS Ronin
- TVS Racing
- TVS Jupiter CNG
- TVS X
- TVS Vision iQUBE
- TVS X NFE
TVS Motor Company Displays Future Mobility Concepts At Bharat Mobility Global Expo 2025
- by MT Bureau
- January 17, 2025
TVS Motor Company (TVSM), a leading global automaker in the two- and three-wheeler segment, displayed its range of future mobility concepts at the ongoing Bharat Mobility Global Expo 2025.
The future mobility concepts showcased by TVSM include the TVS Concept EB1, an electric bicycle aimed at transforming urban mobility; TVS Jupiter CNG – Concept, the world’s first CNG scooter; the TVS King Electric and TVS X, India’s first Android Auto-integrated electric scooter.
The company also displayed the future concepts of its existing vehicles, which include the TVS Vision iQUBE Concept, a modern luxury scooter designed for the future of urban commuting; TVS iQube ST 2025 Concept, a future-ready connected electric scooter; TVS X NFE (Nacht Fury Edition) Concept and TVS RTSx.
TVS Motor Company-owned Norton Motorcycles displayed the Norton V4CR, the most powerful café racer from the UK. This can be seen as a precursor to the relaunch with an exciting new lineup of motorcycles slated for release in 2026 on the back of TVSM’s investment in Norton to design, develop and produce a range of motorcycles for both local and international markets. It is gearing up for a.
TVSM also displayed a wide range of merchandise and accessories, including the TVS Racing lineup of helmets, riding gear, hydration backpacks, Bluetooth intercoms and lifestyle products like t-shirts, sweatshirts, caps and leather jackets. The TVS Apache RTE (Electric OMC bike), TVS Asia One Make Championship RR 310 and TVS Racing 450R Dakar edition from TVS Racing were also showcased.
The company also displayed the ‘Rann Utsav’ edition custom motorcycle on the TVS Ronin, commemorating the Rann Utsav 2025. Three other custom motorcycles based on the TVS Apache RTR 310 and TVS Ronin, designed in collaboration with Smoked Garage (Indonesia) and the TVS Motor Factory Team (India), were also showcased.
Sudarshan Venu, Managing Director, TVS Motor Company, said, "We are excited to showcase concepts that have the potential to deliver impactful solutions and set new standards in personal and commercial mobility. All these made and designed in India, made for the world concepts are a testimony to India’s innovation and engineering prowess, our progress towards Viksit Bharat. At TVS Motor, we are committed to designing and making in India, for the world. Our exports already exceed USD 1 billion and account for 30 percent of our volumes. We are poised to take this further. Our vision is to transform the quality of life of our customers and redefine the future of mobility through design, engineering, technology and quality.”
- Greaves Cotton Limited
- Greaves Electric Mobility
- Ampere brand
- The Motor Show
- Auto Expo 2025
Greaves Cotton showcases electric mobility solutions at Auto Expo 2025's Motor Show
- by MT Bureau
- January 17, 2025
Greaves Cotton Limited showcased its wide-ranging mobility solutions at the Auto Expo 2025 – The Motor Show in New Delhi’s Bharat Mandapam. The company unveiled a variety of ‘Made in India’ products across electric two- wheeler and three-wheelers, which included concept vehicles, charging solutions, engines, powertrain systems and retail aftermarket accessories.
The showcase at the expo included a series of exciting developments such as its e-motorcycle concept Xyber and Xpress, a solution tailored for the fast-growing quick commerce and delivery segment. Also featured was Xargo a high-speed electric three-wheeler designed for multiple applications in the expanding e-commerce ecosystem.
A fast-charging wall-mounted system was presented, designed for user convenience and efficiency, while Greaves introduced new variants of its best-selling two-wheelers, Nexus and Magnus. The Nexus Exec is an ultra-luxury, high-performance family electric scooter featuring a 5 kW motor, a top speed of 93 km/h and a 3.5-hour charging time. The Nexus S Tourismo is a premium race-edition, high-performance family electric scooter and the Magnus Neo was the upgraded version that set a national record with its Bengaluru-Delhi journey of over 2,300 km.
Greaves also presented new solutions for the automotive sector including a hydrogen-powered engine concept, a CNG engine and a Euro V+ compliant engine for the European market. The company displayed a variety of retail aftermarket accessories such as motors, rear axle assemblies and a high-performance lithium-ion battery designed for data centres and banks. Additionally, advanced motion control systems from Excel Controlinkage were part of the showcase.
Through its electric mobility business, Greaves Electric Mobility and its Ampere brand, the company has been re-imagining last-mile mobility in India. Its vehicles have collectively travelled 3.8 billion electric kilometres, saving 1.5 lakh tonnes of CO2 emissions—an environmental impact equivalent to planting 5.9 million trees.
Commenting on the company’s innovative solutions displayed at the expo, Greaves Cotton Non-Executive Vice Chairman Nagesh Basavanhalli said, “Greaves Cotton continues to leverage its engineering expertise to build a complete and agile mobility ecosystem that maximises synergies across its various businesses, in line with our objective to lead India’s transition to a more sustainable and inclusive economy. The products showcased today blend technology, sophisticated engineering, and intelligent design applications across versatile segments, and are inspired by deep consumer insights. These innovations have been proudly conceptualised and created in India, with the aim of positively impacting a billion lives and empowering them through smart, sustainable, and accessible solutions."
Remarking on Greaves Electric Mobility’s display at the expo, Chief Executive Officer K. Vijaya Kumar said, “We are thrilled to unveil our concepts and offerings designed to cater to a diverse range of consumers and applications. This approach aligns with our goal to democratise sustainable mobility in India and empower people and livelihoods through our expertise in automotive technology, showcased through our leading brands, Ampere, Greaves 3 Wheelers, and more. By leveraging our 165-year-old Greaves legacy in engineering, we have sought to provide category-leading options that merge the best of aesthetics, functionality, and performance. As electric mobility gains greater adoption in India, we remain committed to delivering the best in electric two- and three-wheeler passenger and cargo mobility. Our solutions are not only viable but also superior alternatives to traditional ICE vehicles.”
Elaborating on these developments, Greaves Cotton Managing Director Dr. Arup Basu said, “Staying true to our purpose of empowering prime-over solutions, we are proud to introduce our new alternate fuel engines, e-powertrains, and other advanced engineering solutions. By leveraging synergies across our diverse and time-tested capabilities, we aim to drive innovation and build a future-ready product portfolio. Our focus extends beyond product development to delivering value across the entire product lifecycle, ensuring efficiency and reliability at every stage. With a strategic emphasis on hydrogen energy and other clean technologies, we remain committed to shaping the future of mobility through sustainable and scalable solutions.”
- Rapido
- Bharat Mobility Global Expo 2025
Rapido announces 500-city Expansion plans at Bharat Mobility Expo 2025
- by MT Bureau
- January 17, 2025
India’s urban transportation landscape is poised for a significant shift as Rapido reveals its ambitious 500-city expansion plan at the Bharat Mobility Expo 2025, which began on January 17th. The company’s participation in the expo highlights its dedication to fostering economic empowerment and improving connectivity through accessible, convenient transportation solutions.
Already operating in over 120 cities and having facilitated over 200 crore rides, Rapido’s expansion will roll out in phases, starting in February across Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan. This will be followed by a gradual expansion to states such as Punjab, Haryana, Uttar Pradesh, and Uttarakhand, addressing the diverse transportation needs of a rapidly evolving India. With INR 151.11 billion earned by its Captains since inception and facilitating 3.6 million daily rides, Rapido continues to be a major player in India’s urban mobility sector.
Co-founder Pavan Guntupalli noted, “The Bharat Mobility Expo offers an essential platform to discuss the future of transportation in India. We’re excited to share how technology can drive positive social and economic impact. Our expansion to 500 cities is a testament to our commitment to empowering individuals and creating a more connected India.”
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