Company Overview
About Zypp Electric
Zypp Electric is a Delhi, India-based electric vehicle-as-a-service (EVaaS) platform — having raised $76.5 million from ENEOS Group (Japanese energy), Gogoro (Taiwan EV), Goodyear Ventures, and Anthill Ventures at a ₹2,840 crore (~$340 million) valuation — operating India's largest EV fleet for last-mile logistics with 22,000+ electric scooters serving quick commerce and e-commerce delivery partners including Zepto, Blinkit, BigBasket Now, Swiggy, Zomato, Flipkart, and Myntra across Delhi-NCR, Bangalore, and Mumbai. Founded in 2017 by CEO Akash Gupta, Rashi Agarwal, and Tushar Mehta, Zypp began as a dockless bike rental service before pivoting to B2B EV fleet management for delivery companies — an asset-light model where Zypp owns the vehicles and charges per-delivery or per-kilometer fees rather than requiring delivery platform companies to purchase and maintain their own EV fleets. In FY2025, Zypp reported revenue of ₹448 crore ($54M), up 48.2% year-over-year from ₹306 crore in FY2024, which itself represented 168% growth from ₹109.1 crore in FY2023. The company has completed over 20.5 million emission-free deliveries and operates primarily in Delhi-NCR (15,000 vehicles), Bangalore (4,000 vehicles), and Mumbai (1,200 vehicles).
Business Model & Competitive Advantage
Zypp's EV fleet-as-a-service model addresses the vehicle ownership and maintenance barrier that prevents India's gig delivery workforce from transitioning from petrol two-wheelers to electric vehicles: an individual Swiggy or Blinkit delivery partner earning ₹15,000-25,000 per month cannot afford the ₹80,000-120,000 upfront cost of an electric scooter — and even delivery platform companies prefer not to own vehicle fleets. Zypp's subscription and per-delivery fee model (providing the vehicle, charging infrastructure, insurance, and maintenance as a service) eliminates the capital barrier for adoption while Zypp's Zypp Pilot app connects delivery riders with platform partners, manages assignment and routing, and tracks vehicle telematics for fleet performance optimization. The ENEOS and Gogoro investor relationships signal battery-swapping and energy infrastructure partnerships that could extend Zypp's service beyond owned fleet management into energy-as-a-service for the broader two-wheeler market.
Competitive Landscape 2025–2026
In 2025, Zypp Electric competes in the Indian EV logistics, fleet management, and sustainable last-mile delivery market with Bounce Infinity (private, e-scooter subscription), Rapido (private, auto-rickshaw and bike taxi, $1.1B valuation), and Magenta Mobility (private, EV logistics fleet, Reliance-backed) for quick commerce and e-commerce delivery platform EV fleet contracts. India's quick commerce sector (Zepto, Blinkit, BigBasket Now delivering groceries in 10 minutes) drove the FY2025 revenue surge — as these platforms scaled their dark store networks and required guaranteed same-hour delivery capacity that Zypp's dedicated EV fleet provides more reliably than gig drivers using personal vehicles. Zypp's mission to achieve zero emissions by 2028 and expand to 500,000 EVs by FY2030 in 30 Indian cities is supported by the planned international expansion into Southeast Asia, Africa, and the Middle East. The 2025 strategy focuses on fleet expansion in Tier 1 Indian cities, deepening the quick commerce delivery partnerships, and launching battery-swapping infrastructure that reduces driver downtime from charging.
The Zypp Electric Story
Founders
Recent Activity
View all →Company Timeline
Major milestones in Zypp Electric's journey
Leadership Team
Meet the leaders behind Zypp Electric
Akash Gupta
Akash Gupta co-founded Zypp Electric in 2017 with his wife Rashi Agarwal and serves as Chief Executive Officer. He has led the company's transformation from a bike rental service to India's largest EV-as-a-Service platform, growing revenue from ₹125 crore in FY23 to ₹448 crore in FY25.
Rashi Agarwal
Rashi Agarwal co-founded Zypp Electric with her husband Akash Gupta and serves as Chief Business Officer. She has been instrumental in building partnerships with India's leading quick commerce platforms including Zepto, Blinkit, Swiggy, and Zomato.
Tushar Mehta
Tushar Mehta serves as Co-Founder and Chief Operating Officer of Zypp Electric, overseeing the company's operational scaling from 50 scooters to over 22,000 vehicles across Delhi-NCR, Mumbai, and Bangalore.
Key Differentiators
Emerging Innovator
Zypp Electric is an emerging player bringing innovative solutions to the IoT & Hardware market.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
Similar Brands
P&G
The Procter & Gamble Company is a Cincinnati, Ohio-based global consumer goods corporation — publicly traded on the New York Stock Exchange (NYSE: PG) as a Dow Jones Industrial Average and S&P 500 com
Browser Use
Browser Use is an open-source project that provides a Python library allowing AI agents and large language models to control web browsers as a tool. The library sits between LLM APIs and browser autom
PTC
PTC Inc. is a Boston, Massachusetts-based industrial software company — publicly traded on NASDAQ (NASDAQ: PTC) as an S&P 500 component — providing computer-aided design (CAD), product lifecycle manag
Siemens
Siemens is a German technology and industrial conglomerate founded in 1847 by Werner von Siemens, one of the oldest and most broadly diversified technology companies in the world. Today the company's
Allegion
Allegion plc is a Dublin, Ireland-headquartered global security products company — publicly traded on the New York Stock Exchange (NYSE: ALLE) as an S&P 500 component — generating $3.8 billion in reve
Xylem Inc.
Xylem Inc. is a global water technology company providing equipment and services for water and wastewater applications across utilities, industrial, commercial, and residential end markets. Spun off f
Compare Zypp Electric with Competitors
Side-by-side AI visibility scores, platform breakdown, and market position.
Claim This Profile
Are you from Zypp Electric? Claim your profile to see full AI mention excerpts, get weekly visibility change alerts, and optimize how AI systems describe your brand.
Claim Zypp Electric Profile →Track AI Visibility in Real Time
Monitor how ChatGPT, Gemini, Perplexity, and Claude mention Zypp Electric vs competitors. Get alerts when AI recommendations shift.
Start Free Tracking →