Yulu & Bajaj Auto Launches New E2W Platform - Miracle GR & DeX GR

Yulu, shared electric mobility player, and Bajaj Auto, two-wheeler and three-wheeler company, has launched Miracle GR & DeX GR. 

Miracle GR & DeX GR are new generation vehicles that are developed on a purpose-built platform for electric 2-wheelers and is engineered for Indian consumers, climate and road conditions.

This partnership between a mobility tech company & a leading 2-wheeler OEM is built on the common vision to transform mobility through smart, shared, sustainable, and safe electric vehicles. Powered by Yulu’s AI-led technology stack and manufactured by Bajaj Auto, the Miracle GR & DeX GR are made in India, for the world, and are being rolled out by Chetak Technology (a 100 per cent owned subsidiary of Bajaj Auto).

Amit Gupta - Co-founder & CEO of Yulu, said, “Mobility needs & customer expectations are rapidly changing & traditional ownership models are being disrupted. As a leader in shared mobility, we understand the criticality of curating purpose-built vehicles and robust energy infrastructure to create long-term value. Our partnership with Bajaj Auto was born out of this common vision and this launch will further solidify our position as a market leader in the shared mobility space, while reinforcing our commitment to sustainably solve the problems of traffic congestion and air pollution for daily commute and last-mile deliveries.”

Having doubled its fleet in the last 3 months, Yulu is poised to put 100K vehicles on the road across major cities in India and is targeting more than 10x growth in revenues by the end of the year.

S Ravikumar, Chief Business Development Officer of Bajaj Auto said, “Going electric is a key strategic priority at Bajaj, and Yulu is an integral part of this strategy. Yulu’s deep expertise in EV technology and market knowledge coupled with Bajaj Auto’s strong, world-class R&D & manufacturing capabilities, is a powerful force that is shaping India’s future of mobility. These next-generation made-for-India vehicles with their intelligence, strong engineering underpinnings and sophisticated design aesthetics are a milestone not just for us, but for the entire electric mobility category.”

Yulu also expects significant cost reductions and meaningful improvements in operating metrics and overall financials, owing to locally sourced parts and assembly, superior production quality and optimized economies of scale.

Yulu’s fleet operates on swappable batteries and is powered by Yuma Energy. There are currently around 100 Yuma stations across Bengaluru, Mumbai and Delhi, which the company plans to scale to 500 by 2024.