Bajaj Auto
Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035, India
Overview
Bajaj manufactures and sells scooters, motor cycles, three-wheeler vehicles, and spare parts in India. It operates through Automotive and Investments segments. Bajaj also offers quadricycles. It also exports its products to 70 countries in Latin America, Africa, South Asia, the Middle East, Europe, and the Asia Pacific. Bajaj began operation in 1945. It has its headquarters in Pune in India.
- Total investments
- 2
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 7
Sector focus
- Automotive
- Manufacturing
- Marketing
- Product Design
- Sales
Investment portfolio
- Yulu
Led · Equity · Feb 2024
Founded in 2017 and based in Bengaluru, Yulu began as a bike-sharing startup and pivoted toward serving the delivery economy during the COVID-19 pandemic. The company operates roughly 50,000 electric vehicles, logs about 1.6 million miles each week, and powers more than 750,000 deliveries per day. About 95% of Yulu’s revenue comes from renting electric bikes to gig workers on weekly subscriptions, with the remainder from station-based rentals in Bengaluru. Yulu currently operates in 12 Indian cities, running its own operations in Bengaluru, Mumbai, Delhi-NCR, and Hyderabad, and partners with franchisees in eight other markets while targeting roughly 20 cities within the next year. The startup is introducing a full-sized, higher-speed scooter called Yulu Express (about one-third of the planned 200,000-vehicle fleet) and is moving toward profitability before interest and taxes next year after achieving positive EBITDA in the last financial year. Yulu reported revenue growth of seven-fold between fiscal 2023 and fiscal 2026, though it did not disclose specific revenue figures.