Yulu Bikes Pvt. Ltd. announced that it has received INR 6,530 million ($83 million) in a round of funding led by new investor Magna International Inc. on September 12, 2022. The transaction also included participation from returning investor Bajaj Auto Limited INR 477.67 million ($6 million) and new investor Magna International Inc. INR 6130.15 million ($77 million)