# Zypp Electric **Source:** https://geo.sig.ai/brands/zypp-electric **Vertical:** IoT & Hardware **Subcategory:** General **Tier:** Emerging **Website:** zypp.app **Last Updated:** 2026-04-14 ## Summary Delhi India EV-as-a-service last-mile logistics (founded 2017); $76.5M raised, 22K+ EVs, FY25 revenue ₹448 crore (+48%), 20.5M+ emission-free deliveries for Zepto/Blinkit/Swiggy competing with Magenta Mobility for quick commerce fleets. ## Company Overview 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). 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. 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. ## Frequently Asked Questions ### What is Zypp Electric? Zypp Electric is India's largest electric vehicle-as-a-service (EVaaS) platform operating over 22,000 electric scooters and three-wheelers for last-mile delivery. The company enables emission-free deliveries for major quick commerce platforms including Zepto, Blinkit, Swiggy, Zomato, and Flipkart across Delhi-NCR, Mumbai, and Bangalore. ### Who are Zypp Electric's main customers? Zypp Electric serves India's leading quick commerce and e-commerce platforms including Zepto, Blinkit, BigBasket Now, Swiggy, Zomato, Flipkart, Myntra, Rapido, Porter, 1MG, Delhivery, and Blue Dart. The company also provides services to individual delivery partners through the Zypp Pilot app. ### When was Zypp Electric founded? Zypp Electric was founded in 2017 by Akash Gupta, Rashi Agarwal, and Tushar Mehta in Gurugram, India. The company initially operated as a dockless bike rental service before pivoting to electric vehicles for last-mile delivery in 2019. ### Where does Zypp Electric operate? Zypp Electric currently operates in three major Indian cities: Delhi-NCR (15,000 vehicles), Bangalore (4,000 vehicles), and Mumbai (1,200 vehicles). The company plans to expand to 30 cities across India by the end of 2025 and is eyeing international markets in Southeast Asia, Africa, EMEA, and the Middle East. ### How much funding has Zypp Electric raised? Zypp Electric has raised a total of $76.5 million across 11 funding rounds from 174 investors. Major funding includes $7 million Series A (2021), $25 million Series B led by Gogoro (2023), and $14 million Series C from ENEOS Group (2024). The company is currently valued at ₹2,840 crores. ### What makes Zypp Electric different from competitors? Zypp Electric differentiates itself through an innovative asset-light business model allowing public investment in vehicles, enabling rapid scaling without high upfront costs. The company is the largest EV-as-a-Service player in India with over 22,000 vehicles and has completed over 20 million emission-free deliveries, more than any competitor. ### What happened with Zypp Electric on Shark Tank India? Zypp Electric appeared on Shark Tank India seeking ₹2.2 crores for 1% equity, valuing the company at ₹220 crores. Despite a compelling pitch, the Sharks declined to invest due to concerns about burn rate and valuation. The company has since grown to a ₹2,840 crore valuation, proving the business model's success. ### How can I contact Zypp Electric? You can visit Zypp Electric's website at zypp.app to learn more about their services, download the Zypp Pilot app for delivery partners, or explore partnership opportunities. The website provides comprehensive information about EV rental options and business services. ### Is Zypp Electric hiring? Yes, Zypp Electric is actively expanding with 913 employees as of May 2025. The company is scaling operations to 30 cities and growing its fleet to 500,000 vehicles by FY30, creating numerous opportunities for operations, technology, and business development roles. ### What is Zypp Electric's revenue and growth? Zypp Electric reported revenue of ₹448 crore in FY25, representing 48.2% year-over-year growth from ₹306 crore in FY24. This continues the strong growth trajectory from ₹125 crore in FY23, demonstrating consistent acceleration as India's EV adoption for last-mile delivery expands. ### What are Zypp Electric's future plans? Zypp Electric aims to grow its fleet from 22,000 to 500,000 electric vehicles by FY30 and expand to 30 cities across India by end of 2025. The company plans to capture 20-25% of India's EV fleet market over the next three to five years and is targeting an IPO in two years while exploring international expansion. ### How does Zypp Electric contribute to sustainability? Zypp Electric has completed over 20.5 million emission-free deliveries, significantly reducing carbon emissions from last-mile logistics. With a mission to achieve zero emissions by 2028, the company is replacing traditional petrol-powered delivery vehicles with electric alternatives, contributing to India's clean energy and climate goals. ## Tags hardware, iot, manufacturing, b2b --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*