Yulu: First Bike Renting Startup in India
Mobile App

InMobi Founder Announces Yulu, India's First Bike Renting Startup

The riders will be able to unlock bikes via Yulu app

 InMobi Founder Announces Yulu, India\'s First Bike Renting Startup

Amit Gupta, Co-founder of multi-billion dollar startup InMobi in India after spending substantial time at the successful company, wasn't able to suppress the urge of doing something new. He also co-founded a bike-sharing startup Yulu to compete in the emerging market of bike sharing services. Yulu will be coming with its smart bikes renting service in Bangalore in the coming weeks.

After making his first startup successful, Gupta wanted to do something more by contributing to society. By months of discussion and planning, he started Yulu to reduce the traffic-related problems in the country.

In coming days the Yulu will launch its bicycle available for rent in Banglore. Yulu will initially provide a few hundred of bicycles in the city mostly the dockless ones for the people interested in renting the bikes.

The catch is that the Yulu will allow the customers to rent the bikes using their Android or iOS smartphones. Moreover, people have to use the QR code to unlock the bikes, and they will be bill after every 30 minutes of use by Yulu app.

The bike sharing is the new stream of e-commerce that is catching up the trend in 2017 and will be going to speed up more in 2018. Not only in India, but startups across other countries are also raising big funds for the bike renting business. In China, Ofo and Mobile emerged as the most successful startups in renting the vehicles.

In the US, LuBike has raised $62 billion whereas Spin successfully secured $8 billion against the bike sharing giant Locomotive. Over in India, Ola, the Indian ride-sharing firm has recently launched bike ride services for the riders currently centered to the Faridabad region.  

While his trip to China, Gupta experienced the hassle-free bicycle renting service offered by Mobike and Ofo. That made him realize the same implementation could also solve the traffic problems in India.

However, it took both the companies two years to mark the success in bike renting service. Amit Gupta mentioned that might be the adoption is slow, but more 300 million people in India have smartphones with an active data connection, so it's the perfect time to get in action.

Amit Gupta said,

Yulu currently has a team of 20 employees and the team is working under Amit Gupta at InMobi’s office for months now. Yulu was founded by four people without an outer investment and managed to get noticed with self-funding. Right now Yulu has enough amount of capital to continue working for at least for seven to nine months but Amit Gupta is expecting a big opportunity.

Amit Gupta also mentioned that he is in regular talks with the government of India to support the bike rent startups in the country and let the bikes run on the roads seamlessly.

MAD Team
Written By

MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

Apple Plotting To Kill iTunes At WWDC 2019

MAD Team 4 min read  

The once very famous and widely used liberator of the music industry that has been serving us for 18 years, is going to shut down, the announcement of which will be made by Apple in the Worldwide Developers Conference 2019.iTunes was launched on 9th January, 2001 and was one of Steve Job’s

Mobile App

Earnin App: Withdraw From Your Salary Without Fees

MAD Team 4 min read  

The traditional two-week pay cycle implemented in companies may not always work for everyone. Many wish that there were a way to access their paycheck earlier than the specified date of receipt. In fact, a majority of employees in the U.S. live paycheck to paycheck. This is why platforms that offer

Mobile App

Uber Added Tipping Option To Let the Customer Give Some Extra To The Driver

MAD Team 4 min read  

The  carpooling giant Uber seems to make some change in its app and the services in the coming time. The company started with the tipping options for the riders. Have you ever tipped your driver after the ride , when you feel like giving some extra for his well behave and excellent driving. Now

Mobile App

Loan Platform Kabbage Bags $700M In Funding

MAD Team 2 min read  

Kabbage, an online financial technology company has successfully raised a record $700 million in debt. The massive securitization is secured by Kabbage amid the company’s aim to grow its operations.The thing that set this tech company apart from other companies is that Kabbage deploys mach