Electric mobility-as-a-service (MaaS) platform Yulu on Wednesday said it has raised $93 million in a Series C funding round to scale its fleet fourfold to 200,000 EVs over the next two years, expand its service hubs, deepen strategic enterprise partnerships and accelerate its listing plans. The funding comprises $63 million in equity led by GEF Capital Partners and $30 million in debt, the company said. Additionally, Yulu said it also plans to enter adjacent intra-city mobility verticals with the launch of Yulu Express - a full-sized, high-payload electric scooter built for e-commerce logistics, bike taxis, and express parcel delivery. The company said enhanced profitability metrics through growth and operating leverage will also drive public market readiness for the company in the next few years. Yulu’s full-stack operational architecture drives asset utilisation across 12 primary metros - including Bengaluru, Mumbai, Delhi-NCR, and Hyderabad - alongside eight franchise-operated regional markets, it stated.