Bengaluru, November 10, 2023: Anuj Tewari, the Chief Finance Officer (CFO) of Yulu, was today named as Co-founder of the company. Following the announcement, Anuj formally joins the existing three-member founding team at the helm of India’s largest shared electric two-wheeler mobility firm—CEO Amit Gupta, CTO Naveen Dachuri, and President Ecosystem Partnerships RK Misra.
Anuj’s elevation at Yulu – he is now both Co-Founder and CFO – comes at a time of rapid growth for the company. Yulu is expected to record 7-8 times higher year-on-year revenue in FY 2023-24. It also aims to grow its EV fleet four-fold over the next year, while cornering a significant share of the last mile mobility market in Bengaluru, Delhi, Gurugram, Mumbai and Navi Mumbai over the same period.
As CFO, Anuj has been instrumental in shaping Yulu’s growth strategy. Since joining the company in 2020, he has led complex fundraising negotiations, helping Yulu raise over $105 million across equity and debt funding. Anuj has also worked closely with the leadership to make Yulu India’s only unit-economics positive business in its category and to put the company on track to becoming EBITDA-positive by the year-end.
Commenting on Anuj’s elevation Amit Gupta, CEO & Co-founder said, “We could not have asked for a better, or more natural, choice than Anuj to join Yulu’s founding team. Over the last three years, his rich experience, uncanny insights, sheer commitment and ‘founder mentality’ have helped Yulu embark on a strong growth trajectory. His presence will be a huge asset as we pursue our ambitious growth targets. On behalf of all the co-founders and the entire Yulu team, I heartily congratulate Anuj on his new role.”
Said Anuj Tewari, CFO & Co-founder, “It is a great honour to become a part of Yulu’s founding team. I am humbled as I accept this responsibility and look forward to working with this unstoppable team as we strive to realise Yulu’s mission of making urban mobility accessible, available, and affordable for all, while supporting strong environmental and social outcomes for commuters and communities across Indian cities.”
Anuj has over two decades of rich professional experience. He has worked across both traditional corporates as well as start-ups. He was previously with a Kuwait-headquartered logistics firm, Agility. Anuj is a qualified CA and CFA.
About Yulu
Yulu is India’s largest shared EV mobility tech company, founded in 2017 by seasoned and serial entrepreneurs with the mission to make urban commuting clean, inclusive and sustainable. Backed by marquee financial as well as strategic investors, Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, Navi Mumbai, Delhi and Gurugram, and is supported by one of India’s largest AI-powered Battery-as-a-Service (BaaS) platforms, Yuma Energy as its associate, to provide practically unlimited range to its users. As a pioneer in the EV space, Yulu has influenced several policies aimed towards electric mobility and has created a platform for sustainable last-mile mobility and generated livelihood opportunities for millions of people. Yulu riders have travelled more than 350 million km and have helped save over 20 million kilogrammes of CO2 emissions to date.
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