Bajaj and Yulu have launched two new electric scooters in the Indian market – Miracle GR and DeX GR. According to Yulu, the latest two-wheeler will strengthen the company’s position in the shared mobility space. They will be manufactured at Bajaj’s plant.
Shared electric mobility startup Yulu (yulu) and Bajaj Auto (Bajaj Auto) on Monday launched the electric two-wheeler Miraculous GR And dex GR have been launched. Latest electric scooters introduced for daily commuting and last mile delivery. of this new generation electric scooter has been developed on a platform built for electric two-wheelers. The platform has been designed keeping in mind the Indian customers, climate and road conditions.
Yulu said in a press release, both the electric scooters introduced by Bajaj Chetak Technology Limited, a wholly-owned subsidiary of Bajaj Auto, will be powered by Yulu’s technology. Apart from this, their manufacturing will be done exclusively by Bajaj Auto.
Fleet doubled in 3 years
Amit Gupta, co-founder and CEO of Yulu, said, “Mobility needs and customer expectations are changing rapidly and traditional ownership models are being disrupted. This launch will further strengthen our position as the market leader in the shared mobility space.” Yulu said that it has doubled its fleet in the last three months.
1 lakh two-wheelers will be seen
The company is ready to roll out 1,00,000 two-wheelers in major cities of the country. Its target is to increase the revenue by more than 10 times by the end of the year. The company said that by manufacturing these two-wheelers at Bajaj’s plant, Yulu also expects cost reduction and improvement in operating metrics and finances. The company will try its best to do this through better production quality apart from locally sourced parts and assembly.
milestone in electric mobility
S Ravikumar, Chief Business Development Officer (CBDO), Bajaj Auto Ltd. said, “Moving electric is a key strategic priority at Bajaj, and Yulu is an integral part of this strategy. He further added, “These next generation Made for India two-wheelers with strong engineering underpinnings and great design mark a milestone not only for us, but for the entire electric mobility category.”
The Yulu’s operates on a fleet swappable battery and is powered by Yuma Energy. According to the release, currently there are around 100 Yuma stations in Bengaluru, Mumbai and Delhi, which the company plans to increase to 500 by 2024.