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Indian electric bicycle and scooter startup Yulu raises $82m

Funding led by global auto supplier Magna International

NEW DELHI -- Indian electric bicycle and scooter rental startup Yulu said it has raised $82 million in a Series B funding round led by mobility technology company Magna International.

DealStreetAsia reported in August that the startup was in talks with Magna to raise funds to aggressively expand its operations.

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