Mobility technology company Yulu and two-wheeler OEM Bajaj Auto have partnered to launch two new electric two-wheelers – Miracle GR and DeX GR. Manufactured in India, these scooters will serve as a new platform for sustainable last mile mobility and delivery. The scooters are powered by an AI-led technology stack provided by Yulu, while Bajaj Auto handles the manufacturing process. These scooters are specially built for Indian consumers, climate and road conditions.
The collaboration between Bajaj Auto and Yulu is said to be a world first as it is a partnership between a mobility technology company and a two-wheeler OEM. The partnership is based on a shared vision to transform the mobility industry through sustainable, safe electric vehicles. “Mobility needs and customer expectations are changing rapidly, and traditional ownership models are being disrupted. Curating purpose-built vehicles and a robust energy infrastructure are critical to creating long-term value,” said Amit Gupta, co-founder and CEO of Yulu.
Also read: Bajaj Chetak electric scooter with more range coming soon
Yulu has set a goal of launching 100,000 of these vehicles in major cities across the country and plans to grow revenue by more than 10 times by the end of the year. The company’s fleet uses replaceable batteries and is powered by Yuma Energy. Currently, there are about 100 Yuma petrol stations in Bengaluru, Mumbai and Delhi, and the company plans to expand this to 500 by 2024. The company has doubled its fleet size in the past three months.
With the launch of these new vehicles, Yulu also expects to see significant cost reductions, improved operating metrics and overall financials thanks to locally sourced components and assembly, among other things. S Ravikumar, Chief Business Development Officer, Bajaj Auto, said, “These next-generation Made-in-India vehicles with intelligence, strong engineering fundamentals and refined design aesthetics are a milestone not only for us, but for the entire EV category. “.
First published date: Feb 27, 2023 at 16:47 PM CST
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