Bengaluru : Yulu, India’s largest shared electric mobility player, and Bjaj Auto, most valuable two-wheeler company, today launched “Miracle GR and DeX GR” new generation vehicles developed on a purpose-build platform for electric 2- wheelers that is engineered for india consumers, climate and road conditions. With their unique form-factor, ergonomic design and tech-powered utility, the Miracle GR and DeX GR are set to offer superlative experience to customers along with higher operational efficiency, thus dramatically improving Yulu’s overall financial metrics.
Yulu and Bajaj partnership Globally a first-of-its-kind, this partnership between a mobility tech company and a leading 2-wheeler OEM is build on the common vision to transform mobility through smart,shared,sustaibale, and safe electric vehicles. Powered by Yulu’s revolutionary AI-let technology stck and exclusively manufactured by Bajaj Auto, the Miracle GR and DeX GR are made in India, for the world, and are being rolled out by Chetak Technology Ltd (a 100% owned subsidiary of Bjaj Auto).
Amit Gupta-Co-Founder and CEO, Yulu said during Launch “Together with Bajaj Auto We are setting a new benchmark in urban mobility by ensuring affordable access to the best-in-class ride, while taking pioneering steps toward green commuting “. He also said that ” Mobility needs and customer expectations are rapidly changing and traditional ownership models are being disrupted. As a leader in shared mobility, we understand the criticality of curating purpose-built vehicles and robust energy infrastructure to create long term value . Our partnership with Bajaj Auto was born out of this common vision and this launch will further solidify our position as a market leader in the shared mobility space, while reinforcing our commitment to sustainably solve the problems of traffic congestion and air pollution for daily commute and last-mile deliveries”.
S Ravikumar, Chief Business Development Officer, Bajaj Auto Ltd said, “Going electric is a key strategic priority at Bajaj and Yulu is an integral part of this strategy. Yulu’s deep expertise in EV technology and market knowledge coupled with Bajaj Auto ‘s strong , world-class R&D and manufacturing capabilities, is a powerful force that is shaping India’s future of mobility .Thease next-generation made-for-India vehicles with their intelligence, strong enginnering underpinnings and sophisticated design aesthetics are a milestone for just for us, but for the entire electric mobility category”, he added.
Yulu is poised to put 100K vehicles on the road across major cities in India and is targeting more than 10x growth in revenues in by the end of the year. Manufacturing from Bajaj, Yulu also expects significant cost reductions and meaningful improvements in operating metrics and overall financials, owing to locally sources parts and assembly, superior production quality and optimized economics scale.
