NIFTY 50

Young Turks: Here’s how bike-sharing startup Yulu is fighting congestion & pollution to ease mobility

Updated : May 29, 2019 11:30 AM IST

Micro-mobility is making headlines globally for the last few years and over $5 billion has gone into startups in this space. Startups in the US and China have become unicorns on the back of bicycles, skateboards, mini scooters, and e-bikes to ease first and last mile connectivity.

However, fingers have been burnt too, especially in China with hyper-funding and hyper-scaling resulting in a good thing becoming a civic menace. Startups like Mobike and Ofo were sold off at meagre valuations and the cycles themselves ended up in landfills.

In the US we have been seeing unicorns too, but far more emphasis on the safety of e-bikes as well as creating urban infrastructures like dedicated lanes and charging points.

However, India is just getting started. It appears that startup founders and investors are picking up cues from both the US and China. More importantly, the Indian government’s own emphasis on investing in this infrastructure via the smart cities mission and the FAME 2 scheme has been a shot in the arm for startups.

CNBC-TV18’s Mugdha Variyar caught up with Amit Gupta, co-founder and CEO of Yulu, a bike sharing startup to find out more about the company’s plans.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV