Try GOLD - Free
Q-comm Powers Mobility Startups' Rapid Growth
Financial Express Hyderabad
|June 12, 2025
E-2W firms like Yulu & Zypp are seeing a surge in revenues
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.
This story is from the June 12, 2025 edition of Financial Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Hyderabad
Financial Express Hyderabad
Food inflation in negative zone for sixth month
RETAIL FOOD INFLATION remained in the negative zone for the sixth consecutive month in November when it came in at (-) 3.91%, largely driven by base effect and subdued prices of vegetables, cereals, pulses, meat, eggs and spices.
1 min
December 13, 2025
Financial Express Hyderabad
NTPC to float global bids for mega nuclear reactors soon
STATE-RUN NTPC IS planning to float a global tender for large nuclear power plants with a combined capacity of 6-10 gigawatts (GW) soon, marking India’s largest power producer’s graduation to utility-scale production of nuclear energy.
1 min
December 13, 2025
Financial Express Hyderabad
Cabinet approves Oman FTA text
SIGNING DURING PM'S UPCOMING VISIT
1 min
December 13, 2025
Financial Express Hyderabad
Top-10 stocks will start to outperform: DSP Netra
THE OUTPERFORMANCE PHASE is restarting for the top 10 companies in terms of market capitalisation, DSP Netra said in a report citing recent trends.
1 mins
December 13, 2025
Financial Express Hyderabad
China prepares $70 bn in chip sector incentives
MAY ROLLOUT A 200-500 BN YUAN FUND PLAN FOR CHIP INDUSTRY
1 min
December 13, 2025
Financial Express Hyderabad
House panel demands updated air quality norms ‘at the earliest’
A PARLIAMENTARY PANEL on Friday asked the Centre to come up with the updated India’s National Ambient Air Quality Standards “at the earliest”, noting that the standards were last revised in 2009.
1 min
December 13, 2025
Financial Express Hyderabad
Ozempic adds to growing...
NOVO NORDISKCLAIMS it also reduces cardiovascular and renal risks.
1 min
December 13, 2025
Financial Express Hyderabad
Reforms engine gathers steam: Cabinet clears key Bills
ADDITIONALLY, THE BILL aims to relax current restrictions on the repatriation of dividends and key management personnel for foreign-owned firms, thereby boosting ease of doing business.
3 mins
December 13, 2025
Financial Express Hyderabad
Vinesh returns to the mat, eyes medal at 2028 Games
STAR WRESTLER VINESH PHOGAT on Friday announced that she would be coming out of retirement to take another shot at an elusive Olympic medal at the 2028 Los Angeles Games as the “the fire never left” her and was merely buried under “exhaustion and noise”.
1 mins
December 13, 2025
Financial Express Hyderabad
Nov retail inflation rises to 0.71% from Oct series-low
PROSPECTS OF FEBRUARY RATE CUT BRIGHTEN
1 mins
December 13, 2025
Listen
Translate
Change font size