expo run:ios is not working due to AddInstanceForFactory: No factory registered for id F8BC4C28-BNE8-15D6-9T31-85849315CD46

I tried to run a react native expo project using these steps:

1. Pull the updated code
2. delete node_module
3. npm install
4. cd /ios and pod install

iOS - expo run:iosAndroid - expo run:android

But for expo run:ios I got below error

AddInstanceForFactory: No factory registered for id <CFUUID 0x692883833b500> F8BC4C28-BNE8-15D6-9T31-858449315CD46

How can I resolve this error and run the app on device.

Note: App is running when I start using yarn start or npm run. I need above method because this is the easiest way to use a native module in our application without ejecting the expo app.