Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr

Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr.

With the help of a tax credit, electric mobility startup Yulu’s net loss decreased from INR 61.1 Cr to INR 55.5 Cr in the fiscal year 2021–2022 (FY22).

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Operating income for the startup increased by more than twofold to INR 29 Cr from INR 13.6 Cr in FY21.

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Yulu’s main source of income is the mobility-as-a-service it offers in Bengaluru, Mumbai, and Delhi NCR.

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