Yulu Bikes Franchise

Ways to Partner with Yulu Bikes

1 partner model published by the brand. Figures it doesn't publish are left blank.

Yulu Bikes publishes a tiered investment structure rather than a single flat range — the amount and expected return scale together.

How Yulu Bikes says an outlet's numbers work. These are illustrations, not guarantees — check them against existing franchisees before you sign.

Yulu Bikes's own claim — no evidence given. These are not FranchiseChuno's estimates or a promise of earnings; ask existing franchisees what they actually make.

Annual return on investmentYearly profit as a share of the total investment.

25% – 62%

Yulu's own indicative XIRR (internal rate of return) by fleet size: 25% at 150 bikes, 38% at 500, 48% at 1,000 and 62% at 2,000; its hero text says 'Target XIRR of 25-60%+'. Yulu adds that numbers 'may vary based on city performance and operational execution'. An XIRR is not the same as yearly profit ÷ investment, and no franchisee figures are published.

What the press, courts and real franchisees or customers have said about Yulu Bikes — summarised by us, with every source linked.

• In the news· 2025-12-02

  Yulu revenue jumps 98% in FY25; losses stand at Rs 126 Cr

  Operating revenue rose to ₹237.4 Cr but Yulu still lost ₹126 Cr; cash and bank balance fell 93% to ₹9.65 Cr by Mar 2025.

  Source: Entrackr
• In the news· 2026-09-17

  Inside Yulu's Series C: funding breakup, valuation, captable

  $93 Mn round ($63 Mn equity led by GEF Capital, $30 Mn debt not yet received per filing); post-money valuation estimated at $180–200 Mn; plan to reach 200,000 EVs in two years.

  Source: Entrackr
• In the news· 2024-04-01

  Yulu launches services in Indore with franchise partner-led model

  Yuva Mobility runs the Indore fleet with Yulu-supplied EVs, platform, Yuma swapping and training — Yulu's first partner-led city.

  Source: Autocar Professional
• In the news· 2026-05-06

  Yulu launches franchise-led EV mobility service in Bhopal

  Tezz Mobility's Bhopal launch is the ninth partner-led rollout after Indore, Kochi, Madurai, Tirunelveli, Vadodara, Kolkata, Chandigarh Tricity and Coimbatore.

  Source: Energetica India

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Who Can Apply for Yulu Bikes

Conditions the brand sets for partners, and the licences the business needs.

• Investment capacity: ₹1 Cr+ per Yulu's ideal-partner profile; its enquiry form starts at ₹0.8–1 CrRequired
• Background Yulu looks for: Logistics business owners, serial entrepreneurs, real-estate investors, automotive dealers, infrastructure developers, legacy business ownersPreferred
• Operations: Partner manages day-to-day operations and manpower in its city after Yulu's training and onboardingRequired

About the Brand

Yulu Bikes Outlet Network

Cities with Outlets

The franchisor's own company health — separate from what a single franchise outlet earns.

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What Yulu Bikes's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Status with the registrar

Active

Annual filings

Up to date

Last AGM

25 Sep 2025

Pending cases against it

1

Pending cases it filed

0

Late payments to small suppliers

7

Paid-up capital

₹60.6 L

Auditor

Deloitte Haskins & Sells (since Nov 2020)

Brand trademark

Registered: 'Yulu' word marks in Yulu Bikes' name in Class 39 (motorcycle and bicycle rental, no. 5036068, filed Jul 2021) and Class 9 (no. 5036067); a third party's 'Yulu' Class 39 mark (no. 4476209, filed 2020) shows a rectification filed against it

Source: MCA data via Tracxn (registrar status, AGM, auditor, charges, cases, MSME payments Apr–Sep 2025: 7 late payments, ₹1.6 L); Entrackr on FY25 filings; Indian Kanoon (checked Oct 2026)

How Yulu Bikes looks once the numbers are checked side by side.

• •Investment above the Automobile & EV medianMidpoint ₹565 L vs a category median of ₹37.5 L across brands on FranchiseChuno.
• !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
• !Young franchise programme (2 yrs)There's little track record of franchisee outcomes yet — ask how many outlets have opened and closed.
• !1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Ask Before You Sign

Questions tailored to what Yulu Bikes does and doesn't publish.

1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
2. 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
3. 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
5. 5Ask whether you get an exclusive territory, and how large it is.
6. 6Ask how many outlets have opened and how many have closed since franchising began.
7. 7Ask how the franchisor funds training and support while it's loss-making.
8. 8Ask the brand to respond to each red flag listed under Reputation & News.
9. 9Have a lawyer review the franchise agreement before paying anything.
10. 10Visit 2–3 existing outlets and speak to their owners without the brand present.

What Yulu Bikes franchisees say

We haven't yet heard from enough Yulu Bikes franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.

Frequently Asked Questions