EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

News Summary

  • Fleet customers get additional features such as dedicated backup rider support, a merchant panel, rider tracking, API integration and multiple order support, the company said.The startup also lets gig delivery workers rent e-bikes through a daily, weekly or monthly subscription.
  • Also, the technology has to be better as we scale,” Gupta said.In over five years since its foundation, Zypp Electric has completed 15 million deliveries and has worked with 10,000 gig workers, the company said.
  • These manufacturers tweak their bikes per the startup’s requirements and put its green-color branding on top to deliver a unified look and feel.Zypp Electric is also embracing battery swapping.
  • Zypp Electric will use the funds to expand its fleet from 10,000 to 200,000 bikes and widen its footprint to 30 Indian cities by December 2025.The Gurugram-based startup aims to electrify last-mile deliveries in the South Asian nation.
  • The startup has partnered with Sun Mobility and Battery Smart to that end, and recently partnered with Gogoro to pilot Taiwanese company’s battery-swapping network in Delhi.“I don’t think that one player can address the entire market.
  • Gogoro’s recent investment into the company includes the addition of the Taiwanese company on Zypp Electric’s board, which should help Zypp Electric grow beyond India.
Zypp Electric, an Indian startup that offers an EVasaservice platform catering to ecommerce companies and gig workers, has received a $25 million investment led by Taiwans batteryswapping giant [+4355 chars]