Q-comm Powers Mobility Startups' Rapid Growth

E-2W firms like Yulu & Zypp are seeing a surge in revenues

- S SHANTHI Bengaluru, June 11

The quick commerce sector is proving to be a powerful engine of growth for mobility startups, especially those focused on electric two-wheelers. The rising demand for fast deliveries has created a burgeoning ecosystem where startups in shared mobility, electric fleet management, and EV infrastructure are rapidly scaling up operations and revenue.

Bengaluru-based shared mobility startup Yulu is one of the major beneficiaries of this trend. The company became EBITDA profitable in November 2024, driven largely by demand from quick commerce platforms. "One of our key pivots is the delivery segment, where a lot of potential customers come from disadvantaged backgrounds. Our EVs are easy and safe to ride due to their small form factor and don't require a driver's license," said Anuj Tewari, co-founder and CFO of Yulu.