Bajaj Auto has invested an additional Rs 45.75 crore in Yulu Bikes, increasing its stake to 18.8% of the electric bike-sharing platform's equity.
New Delhi, Feb 22 (PTI) Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in electric bike-sharing platform Yulu Bikes.
Post the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bike-sharing platform, Bajaj Auto said in a regulatory filing.
In 2019, Bajaj Auto announced an investment of USD 8 million (around Rs 66 crore) in Yulu to boost electric vehicle adoption in India.
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