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Zypp (earlier Mobycy) is in the Electric Mobility space with a mission to "Make all Last Mile Deliveries & Commutes Go Electric". It serves several large partners with Electric Vehicles (2W/3W) to red

Commitment to reducing carbon emissions through electric vehicle adoption, targeting 500,000 EVs by 2030 to create measurable environmental impact.

Sustainability

Pioneering the asset-light EV-as-a-Service model that enables rapid scaling through public investment in vehicles rather than traditional fleet ownership.

Innovation

Building collaborative relationships with India's leading quick commerce platforms and delivery partners to create an integrated sustainable logistics ecosystem.

Partnership

Enabling delivery partners with affordable EV rental and ownership options while providing consistent income opportunities through the Zypp Pilot app.

Empowerment

Zypp Electric is India's largest EV-as-a-Service platform providing electric scooters and three-wheelers for last-mile delivery. The company enables emission-free deliveries for quick commerce giants like Zepto, Blinkit, and Swiggy while operating over 22,000 electric vehicles across major Indian cities.

Akash Gupta

Co-Founder & CEO

Rashi Agarwal

Co-Founder & CBO

Tushar Mehta

Co-Founder & COO

Core offering providing electric two-wheeler and three-wheeler rentals to delivery partners and logistics companies. Enables businesses to electrify last-mile delivery operations without upfront vehicle purchase costs through flexible rental and ownership models.

EV-as-a-Service Platform

Mobile application connecting delivery riders with quick commerce and e-commerce partners including Zepto, Blinkit, Swiggy, Zomato, Flipkart, and Myntra. Provides seamless order assignment, route optimization, and earnings tracking.

Zypp Pilot App

Fleet of over 20,000 electric scooters optimized for urban last-mile delivery. Vehicles are strategically deployed across Delhi-NCR, Bangalore, and Mumbai to serve quick commerce partners with emission-free delivery capabilities.

Electric Two-Wheeler Fleet

L5 electric loaders designed for larger delivery requirements beyond the capacity of two-wheelers. Expanding fleet targeting 1,000+ vehicles to serve bulk logistics and cargo delivery needs.

Electric Three-Wheeler Cargo Service

Advertising platform leveraging Zypp's extensive fleet as mobile billboards. Brands like Paytm, Rapido, Swiggy, and LeverageEdu advertise on helmets and scooters, creating a new revenue stream launched in July 2025.

Zypp Ads

Zypp Electric reported strong financial performance with revenue reaching ₹448 crore in FY25, up 48.2% year-over-year from ₹306 crore in FY24, driven by fleet expansion and increased demand from quick commerce platforms.

Zypp Electric's Revenue Jumps 48% to ₹448 Crore in FY25

India's largest EV-as-a-Service platform completed over 20.5 million emission-free deliveries and announced plans to expand its fleet to 100,000 electric bikes by the end of FY26, up from the current 22,000 vehicles.

Zypp Electric Completes 20 Million Deliveries, Targets 100,000 E-Bike Fleet by FY26

Last-mile delivery provider Zypp Electric plans to capture at least 20-25% of the overall electric two-wheeler fleet market over the next three to five years by deploying 500,000 electric vehicles.

Zypp Electric Aims to Capture 25% of EV Fleet Market in Next Five Years

The EV fleet operator raised ₹116 crore ($14 million) in Series C funding from Japan-based energy giant ENEOS Oil & Energy Asia to support expansion into new cities and international markets.

Zypp Electric Secures $14 Million in Series C from ENEOS

Akash Gupta, co-founder and CEO of Zypp Electric, predicts that electric vehicles will constitute 50% of the commercial logistics force by 2028, driven by quick commerce growth and sustainability mandates.

EVs Will Make Up Half of Commercial Logistics Force by 2028: Zypp Electric Co-founder

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Engineering Dropout with 70% in 12th to Making 22 LPA with a BA Degree

Lease out EVs

Will Rising Oil Prices Push India’s EV Revolution in 2026?

hyderabad

mumbai

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Chennai

IndiaBusiness

delhi

ahmedabad

Chandigarh

electricvehicles

Centuri Holdings, Inc.

Akash Gupta, Rashi Agarwal, and Tushar Mehta founded Zypp Electric in Gurugram with an initial investment of ₹25 lakh, launching as a dockless bike rental service.

Company Founded

Zypp Electric made a pivotal shift from consumer bike rentals to electric vehicles for last-mile delivery, focusing on the growing e-commerce and quick commerce sectors.

Strategic Pivot to Electric Vehicles

Raised $7 million in Series A funding ($6 million in equity and $1 million in debt) co-led by 9Unicorns and Anthill Ventures to accelerate fleet expansion.

Series A Funding Round

Zypp Electric partnered with Zepto to provide electric vehicle-based 10-minute delivery services, marking a major milestone in quick commerce collaboration.

Zepto Partnership for 10-Minute Delivery

Appeared on Shark Tank India seeking ₹2.2 crores for 1% equity but did not receive funding. Despite rejection, the exposure helped validate the business model.

Shark Tank India Appearance

Raised $25 million in Series B funding led by Gogoro, with participation from Goodyear Ventures, 9Unicorns, WFC, Venture Catalysts, and other investors.

Series B Funding - $25M

Zypp Electric's fleet grew from 6,000 vehicles in 2022 to over 15,000 vehicles, demonstrating rapid scaling of operations across major cities.

Fleet Expansion to 15,000 Vehicles

Secured ₹116 crore ($14 million) in Series C funding from Japan-based ENEOS Oil & Energy Asia, supporting international expansion plans.

Series C Funding from ENEOS

Zypp Electric completed over 20.5 million emission-free deliveries for quick-commerce platforms, establishing itself as India's largest EV delivery fleet operator.

20 Million Deliveries Milestone

Forayed into the three-wheeler cargo business with plans to deploy over 1,000 electric L5 loaders to address larger delivery requirements.

Three-Wheeler Cargo Expansion

Zypp Electric's fleet reached over 22,000 electric vehicles across Delhi-NCR, Mumbai, and Bangalore, with plans to scale to 500,000 by FY30.

Fleet Size Reaches 22,000 Vehicles

Launched Zypp Ads, featuring brands like Paytm, Rapido, Swiggy, and LeverageEdu on helmets and scooters, generating ₹30 lakh in new revenue.

Zypp Ads Revenue Stream Launch

For use with the engineering kits “Robotics: Smart Machines”, “Robotics: Smart Machines - Rovers & Vehicles Edition”, and “Robotics: Smart Machines - Tracks & Treads Edition” by Thames & Kosmos.

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The Blue Alliance is a tool to help FIRST Robotics teams scout for, compete at, and relive competitions.

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Hermes Robotics is a San Francisco-based robotics company founded that provides autonomous street sweeping as a service by retro-fitting existing vehicles with autonomous technology. The YC W21 company achieved $1M in revenue in 2024 with a lean team of just 5 employees, raised $125K from Y Combinator plus additional bootstrap funding, and received an M&A offer in April 2025.

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