Meet an Unreasonable Venture

Zypp Electric

Accelerating sustainable, last-mile mobility solutions with India's first smart e-bike rental app

Akash Gupta

Co-Founder & CEO at Zypp Electric

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zypp.app

Employees 501+

Headquarters Gurugram, Haryana, India

Zypp Electric has been decarbonizing Indian last mile delivery to go Electric with their EV-Fleet-as-a-Service business model. Growing rapidly.

Quick facts:

- 20k EVs on road

- Customers include Zomato, BigBasket, Zepto, Flipkart, Swiggy, Uber, Rapido, Porter & more

- $42mn+ ARR, doubled in last 6 months, planning $100mn+ ARR by Mar '25

- 6 years into building business, raised $25m Series B in Dec '22

- Presence in Delhi NCR, Bangalore, Mumbai, expanding to other markets

Energy & Environment

Notable Achievements

Raised over $35M and closed a $25M Series B in late 2022.
Helped over 10,000 low-income drivers and gig workers to spend less and earn more income.
In 2022, CEO was recognized as one of BusinessWorld's 40 Under 40.

Press Mentions

April 28, 2025

Zypp Electric revenue jumps 50% to Rs 455 Cr in FY25, eyes EBITDA profitability in coming quarters

Zypp Electric has reported a remarkable 50% revenue growth, reaching Rs 455 crore in FY25. The company aims for EBITDA profitability in upcoming quarters, showcasing its strong market position and...

Read on News Hub »

March 17, 2025

TiE Mumbai conducted its Hall of Fame - Excellence inEntrepreneurship & Enablers of the Entrepreneurial Ecosystem

Zypp Electric was recognized at TiE Mumbai's Hall of Fame event, celebrating its significant contributions to the entrepreneurial ecosystem. The company’s commitment to sustainable transportation...

Read on StartupNews.fyi »

January 24, 2025

Zypp Electric appoints Parag Raheja as Executive Vice President | Autoguideindia

Zypp Electric has appointed Parag Raheja as Executive Vice President, enhancing its leadership as it seeks to expand its electric vehicle fleet. The company is also in advanced talks to raise $35...

Read on Autoguideindia »

January 22, 2025

Green Startups India: Innovating for a Cleaner Tomorrow - Corp India News

Zypp Electric is making significant strides in the electric vehicle sector, recently appointing Parag Raheja as Executive Vice President. The company is also in advanced discussions to raise $35...

Read on Corp India News - One Stop Destination for all Corporate Related Content »

January 21, 2025

Zypp Electric Appoints Parag Raheja As Executive Vice President

Zypp Electric is making significant strides in the electric vehicle sector, recently appointing Parag Raheja as Executive Vice President and securing INR 55.4 crore in Series C funding. The company...

Read on Saur Energy International »

January 16, 2025

Shared Mobility Startup Zypp Electric Bags INR 55.4 Cr In Series C Funding Round

Zypp Electric has successfully secured INR 55.4 crore in Series C funding, enhancing its position in the electric vehicle market. The company is poised to contribute significantly to the industry's...

Read on IPO Central »