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
TVS Launches 2025 Apache RTR 200 4V With Racing-Inspired Upgrades
- By MT Bureau
- June 09, 2025

TVS Motor Company has launched the 2025 Apache RTR 200 4V, marking two decades of the brand’s racing legacy and celebrating a 6 million-strong global community of riders.
The new Apache RTR 200 4V features key mechanical and aesthetic upgrades, including OBD2B compliance, a 37mm Upside Down (USD) front suspension for improved control and a hydroformed handlebar that enhances handling stability. The motorcycle also sports refreshed graphics and bold red alloy wheels, offered in three colour options – Glossy Black, Matte Black, and Granite Grey.
Under the hood, the bike continues to deliver 20.8 PS at 9,000 rpm and 17.25 Nm of torque at 7,250 rpm. It’s equipped with dual-channel ABS, three ride modes (Urban, Sport, and Rain), a slipper clutch, adjustable brake and clutch levers, TVS SmartXonnect with Bluetooth and voice assist and a fully digital display with LED headlamps and DRLs.
First launched in 2016, the Apache RTR 200 4V has consistently introduced segment-first innovations, setting benchmarks in performance and safety.
Vimal Sumbly, Head Business – Premium, TVS Motor Company, said, “The upgraded 2025 TVS Apache RTR 200 4V continues this legacy – pushing the limits of design and engineering to offer next-generation riders a thrilling, track-bred experience on every ride.”
The 2025 TVS Apache RTR 200 4V is now available at dealerships across India, with prices starting at INR 153,990 (ex-showroom, Delhi).
Suzuki 2025 GSX-8R Motorcycle Is Now OBD-2B Compliant
- By MT Bureau
- June 09, 2025

Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has introduced the OBD-2B compliant 2025 Suzuki GSX-8R motorcycle at INR 925,000 (ex-showroom Delhi).
The motorcycle continues to be powered by a 776cc parallel twin DOHC 4-valve-per-cylinder engine paired with a 270-degree crankshaft. It gets Suzuki’s patented Cross Balancer, which reduces vibration during the ride.
It also gets Suzuki Intelligent Ride System, Suzuki Drive Mode Selector (SDMS), the Suzuki Traction Control System (STCS), Ride-by-wire Electronic Throttle System, Bi-directional Quick Shift System, Suzuki Easy Start System and Low RPM Assist. The Suzuki GSX-8R is equipped with a six-speed transmission and Suzuki Clutch Assist System (SCAS).
Deepak Mutreja, Vice President – Sales & Marketing, Suzuki Motorcycle India, said, “The OBD-2B update on the GSX-8R enhances its performance with improved emission monitoring, keeping it aligned with the latest regulatory requirements. This ensures that customers continue to enjoy a refined and responsive riding experience that also meets evolving environmental standards.”
It comes equipped with Hitachi Astemo (SHOWA) SFF-BP inverted front forks, paired with a Hitachi Astemo (SHOWA) link-type mono-shock rear suspension with preload adjuster. For braking, the motorcycle gets dual four-piston radial-mount front brake callipers with 310 mm outer diameter dual discs. It rides on lightweight cast aluminium wheels with Dunlop RoadSport 2 radial tyres.

Keeping true to the motto of offering classic two-wheelers, revoking the spirit of Jawa and Yezdi motorcycles of the yesteryears, Jawa Yezdi Motorcycles has unveiled the new Yezdi Adventure motorcycle that combines retro styling with modern technological developments that are desired of the customers and dictated by the regulations.
Indicating a clear improvement over the first generation Jawa and Yezdi machines, an outcome of research and development as well as the efforts to understanding the needs and aspirations of the customers, the company has treated the new Adventure machine with a classic-ADV styling, which includes a redesigned main cage, a rally-style peak and striking new colours.
Drawing attention are the striking looking twin LED headlamps (of Lumax make) at front. Balancing aspirational details and practical accessibility, the skeleton-like structure that works as a protection on either side comes into view. It partly covers the large, 15.5-litre large tank and acts as a protector in case of a fall so that the tank is not damaged. The structure could be also used to mount a small auxiliary fuel tank on either side in case of a long, arduous journey through a desolate countryside.
The rear styling of the new motorcycle includes twin LED tail lamps. It marks a near complete redesign of the rear portion over the model it succeeds. With a manufacturing facility at Pithampur near Indore and a research and development centre in Pune, the company, which is said to be in the process of developing a more powerful 450 cc engine for its next line of products, has equipped the new (2025) Adventure motorcycle with a 334 cc ‘Aplha 2’ liquid-cooled single cylinder fuel injected engine that is OBD2 and E20 compliant. The bore and stroke of the engine is 81 mm and 65 mm respectively.
Entering a market that is roughly defined as ‘mid-size adventure’ motorcycle market that consists of the Hero Xpulse, KTM 390 Adventure, Royal Enfield Himalayan 450 and a few others, the new adventure-tourer motorcycle is equipped with an advanced advanced traction control system that incorporates three ABD modes – Road, Rain and Off-road.
Working to expand its dealer network to 500 numbers by the festive season from the current count of around 300, the company has engineered the ABS such that it is switchable for varied terrain.
The motorcycle has been engineered to offer a seat height of 815 mm to suit riders of diverse heights. The gearbox is a six-speed constant mesh variety where the first few ratios are designed to ensure a strong thrust (the kind that is favourable during off-road riding) and the later ratios are designed to be wide enough to support on-road touring.
Featuring an adjustable windscreen and a digital instrument cluster, the new motorcycle has seen gear-based fuel mapping for smooth power delivery across the rev range.
Available in six distinctive colours, the machine is priced upwards of INR 214,900 and up till INR 226,900 ex-showroom Delhi. Price wise, it is approximately INR 80,000 less than the Royal Enfield Himalayan 450.
Speaking at the launch with Boman Irani of the erstwhile Ideal Jawa Mysore, in Mumbai, Anupam Thareja, Co-Founder, Jawa Yezdi Motorcycles, said, “We have created India’s most honest adventure touring motorcycle. We did it with our signature style – it is a classic and it is a Yezdi.” “It is a motorcycle that the Indian adventure bikers were waiting for with the right combination of design, technology and performance born of India roads,” he explained.
- TVS Motor Company
- Indian Motorsport
- Official Race Machine Provider
- Apache GP200 R
- MIC Chennai
- FMSCI
- MMSC
- National Championship Pro Stock 200
TVS Motor Company Begins A New Era In Indian Motorsport
- By MT Bureau
- June 03, 2025

TVS Motor Company has become the official race machine provider for the National Championship Pro Stock 200 class at the 2025 Indian National Motorcycle Racing Championship (INMRC), which is scheduled from 6 June 2025 to 8 June 2025 at MIC, Chennai.
This is the first time in the history of Indian motorsports that a brand has been entrusted to design, develop and provide race-tuned motorcycles specifically for the National Championship. The breakthrough paves the way to democratise two-wheeler racing, making it easier and more affordable for independent racers to participate, reflecting FMSCI and MMSC’s vision of expanding competitive motorsport.
The National Championship Pro Stock 200 at INMRC 2025 is a new and exciting format introduced by the MIC to elevate competition and support independent racing teams. As part of this development, TVSM will provide race-tuned TVS Apache GP200R motorcycles to independent teams, who will engage their racers to compete in this championship class.
PETRONAS TVS Racing team will provide complete technical support and machine service and maintenance to ensure peak performance throughout the season. With 20 years of TVS Apache’s racing heritage behind it, this milestone marks a powerful step forward in Indian motorsports. The selection process for participating teams and racers was recently concluded at the Madras International Circuit on 28 May 2025. Seven teams and twelve racers have been selected for this dynamic new class.
Vimal Sumbly, Head - Premium Business, TVS Motor Company, said, “At TVS Motor Company, our racing DNA drives us to innovate and lead from the front. We are proud to be the first two-wheeler manufacturer in Indian motorsport history to provide race-tuned machines to independent teams for the National Championship. This landmark development, supported by the vision of the Madras International Circuit makes it easier and more affordable for independent teams to participate and compete at the highest level. This year holds even greater significance as we mark two decades of our flagship performance brand, the TVS Apache – a true embodiment of our ‘Track to Road’ philosophy. As we charge into the new season, we aim not just to race, but to raise the bar for motorsports in India once again.”
The specifications of the race-tuned Apache GP200 R are,
Displacement: 200 cc
Kerb Weight: 105 Kg
Maximum Power: A 40 percent increase from 19.5 bhp
Top Speed: Over 155 kmph
The modification details include a modified cylinder head for higher volumetric efficiency, high lift camshaft, high compression ratio, advanced ECU with closed-loop control, quick shifter, data logging capabilities, fine-tuned induction and exhaust system, adjustable front and rear suspension, aerodynamic bodywork, lighter racing wheels, aluminium subframe, and higher brake power.
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