Yulu FY26 Revenue Rises 18.6% To Rs 281 Cr, Losses Drop 23%

31 Oct 2026, 11:55 am · 3h ago · 1 min read · EntrackrNew

Bengaluru-based electric mobility startup Yulu Bikes narrowed its net loss by 23% to Rs 96.6 crore in the fiscal year ending March 2026, down from previous losses. Operational revenue climbed 18.6% to Rs 281 crore in FY26 compared to Rs 237 crore in FY25. Income from electric vehicle rentals, which remains Yulu's primary revenue driver, surged 30.3% to Rs 262 crore, contributing over 93% of total revenue. Total expenses increased by 7.4% to Rs 377 crore, primarily driven by Rs 94 crore in employee benefits and Rs 87 crore in battery-as-a-service costs.