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

Suzuki Motorcycle India (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has achieved a new feat for its flagship scooter, the Suzuki Access.

The company has entered the India Book of Records for completing the fastest scooter ride from India’s lowest region – Kuttanad in Kerala – to the highest altitude village – Komic in Himachal Pradesh.

The feat was achieved by a dedicated team of riders who started their journey from Kuttanad at 7:20 AM, and reached Komic at 3:05 PM after four days, covering 3,696 km in 103 hours and 45 minutes.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “Thanks to Indian consumers for making Suzuki Access as one of the most loved scooters in India. We aim to continue winning their hearts with its performance, technology and comfort. This journey highlights the scooter’s strength beyond daily commuting – especially its strong pick-up and consistent performance for long distance rides across different road conditions. We truly appreciate the efforts of the riders and everyone for their support in making this achievement possible.”

New Delhi-headquartered Steelbird Hi-Tech India, a leading helmet manufacturer, has announced sales growth of 8.75 percent for FY2025, with record sales of 8.7 million helmets.

This translated to the company achieving INR 7.87 billion in revenue, up 10.07 percent YoY. Going forward, Steelbird aims to sell 10 million helmets in FY2026 and 15 million helmets annually with INR 13 billion revenue by FY2027.

The company has already undertaken aggressive expansion play marked by upgradation at its Baddi-based manufacturing units, where new robotic visor systems, automated paint shops and expanded assembly lines will increase daily production to 50,000 helmets per day.

The helmet maker is also setting up a new greenfield facility in Hosur, Tamil Nadu, expected to serve OEMs and aftermarket demand across South India.

Rajeev Kapur, Managing Director, Steelbird Hi-Tech India, said, “Every helmet we make is a step toward saving a life. The WHO estimates over 300,000 fatalities due to road accidents in India annually – a figure that’s likely underreported. It’s not just about meeting sales goals; it’s about addressing a serious national concern. At Steelbird, we’ve made it our mission to bridge that gap by making high-quality, stylish, and affordable helmets accessible to every rider.”

At present, Steelbird operates over 200 exclusive Rider Shops across India and plans to scale up to 1,000 outlets in the coming years.

India has turned into a hotbed for electric vehicles and various forms of sustainable mobility, as seen at the Ride Asia and Ride Asia EV expos at Bharat Mandapam. From April 18 to April 20, several auto and manufacturing companies showcased their cutting-edge products and services across halls 4 and 5. A yet-to-be-launched hydrogen bicycle from Yo Byks and colourful scooters from Chinese two-wheeler manufacturer Yadea offered visitors unique sights and insights into sustainable mobility at the B2B event.

During an industry conference at Ride Asia, the growing importance of MSMEs (Micro, Small, and Medium Enterprises) was highlighted. Leaders from both public and private sectors encouraged EV-based entrepreneurs, with RMI India MD Ghate Akshima Ghate describing the penetration of electric scooters into villages in a tier 2 city like Jammu, her hometown. She said, “ When people see clean, affordable, and accessible products in the market, they will adopt them. These value-based products must be made in India but adopted for India and the global export market.”

Chinese companies Hanhai Magnet and Yadea also demonstrated their presence at Bharat Mandapam. While Hanhai showcased well-engineered NDFEBs (Neo Dymium Magnets) for DC motors in EVs, Yadea had a collection of beautiful and highly efficient EV scooters. Two-wheeler companies Yo Bykes, Geekay Bikes, and many more were visible, with Geekay showing the dominance of Ludhiana as a cycle manufacturing hub. 180W and 300W fuel cells are being used for the hydrogen bicycles at Yo Byks, with each hydrogen cylinder being capable of running from 40-60 km. Along with the cycle, every buyer will also get a hydrogen generator to change the cylinder. The company’s portfolio of EV products also includes an innovative electric wheelchair.

ARL, RALCO, and Poddar Tyres were some of the tyre companies present at the expo. Delhi-based Rajulex Automotive was present to offer LED and regular light-based assemblies, horn products, and grab handles to e-rickshaw owners. For a city with 120,000 registered e-rickshaws, Rajulex Automotive provides services to keep public transport in good condition.   

TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers, has introduced the updated TVS Apache RR310, its flagship offering in the premium sports motorcycle category.

The 2025 edition is now compliant to the OBD-2B norms with prices starting at INR 277,999 (ex-showroom India). As part of 20th anniversary commemoration of the TVS Apache series, the TVS Apache RR 310 now gets segment-first Sequential TSL and Cornering Drag Torque Control (RT-DSC). It also features Launch Control (RT-DSC), Gen-2 Race Computer with Multi Language Support and 8 Spoke Alloy Wheels.

Available in two variants with three BTO customisation options, the Apache RR 310 continues to build upon TVS Racing’s pedigree.

The Apache RR 310 is powered by a refined reverse-inclined DOHC engine, which produces 38 PS at 9,800 rpm and a peak torque of 29 Nm at 7,900 rpm.

Vimal Sumbly, Head Business – Premium, TVS Motor Company, said, "Since its debut in 2017, the TVS Apache RR 310 has emerged as a formidable force in the super-premium sport motorcycle segment, redefining performance benchmarks through its race-bred DNA. Rooted in over 43 years of TVS Racing heritage, it embodies our relentless pursuit of innovation and excellence. The latest evolution of the RR 310 integrates cutting-edge technologies such as segment-first: sequential turn signal lamps (TSL), Launch Control and Drag Torque Control – reinforcing our leadership in rider-focused advancements. The new BTO Race Replica colourway pays tribute to our record-breaking TVS Asia One Make Championship legacy. With this latest avatar, the Apache RR 310 not only pushes the boundaries of track performance but also elevates everyday rideability – delivering a thrilling yet refined experience that appeals to both spirited racers and discerning enthusiasts.”