Zypp Electric to deploy 2 lakh EVs; needs $300M to support growth - YourStoryZypp Electric has partnered with TSAW Drones to provide drone services to boost last-mile deliveries in the country. Monthly rentals are now available at a 20% discount for the first 50 users. Latest IssueZypp Electric Scooter Rentals for Android, free and safe download. Scan QR code to unlock a scooter, e-bike parked in a dockless way at public places. What is the price of the Zypp Cargo electric scooter? Zypp Cargo electric scooter is available in two variants a single-battery version at Rs 59,000 and a dual-battery one at Rs 74,000. The fresh funding brings Zypp Electric’s total raised to $37. Raised a total funding of $37. It is nearing the end of its Series B funding round, which is expected to raise $25-30 million. Zypp is growing its user base on Zypp rentals at 300. Main menu;. The. Join 8000+ Zypp Pilots and take control of your earnings and savings with Zypp and become a part of mission zero emission towards emission free tomorrow. We are on a mission zero emission where we wish to accelerate last mile delivery to go 100% sustainable with EVs by 2028 while making it efficient, affordable, intelligent, and reliable. Currently, the company works with top grocery, medicines, food. Initial Investment: INR 5 Lac - INR 10 Lac. The company, which is planning to enter new cities like Mumbai,. For electric cycles, it plans to subsidize 25% of the electric cycle's cost (up to Rs 5,500) and give a fixed additional incentive of Rs 2,000 on the first 10,000 electric cycles. The funding round was led by battery swapping solutions provider, Gogoro. The Gurugram-based startup raised the capital as a mix of. CONNECT WITH ZYPP. Zypp Electric was founded with a single mission, reducing the carbon emissions from last-mile delivery and mobility which perfectly aligns with the Indian government's vision of nationwide electrification by 2030 for a cleaner and more sustainable future, in line with the 13th Sustainable Development Goal (SDG). Bycyshare Technologies Private Limited is a startup specializing in the production of electric vehicles for delivery professionals. The Zypp Cargo electric scooter runs for up to 120 km on a single full charge with its 40 Ah battery. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, help@zypp. With an overall. 950/week for Zypp Thunder. The Zypp Cargo is the latest load-carrying electric two-wheeler. app Ph: +91 8884890060Zypp Electric holds an active fleet of over 5000 e-scooters and plans to deploy more than 1. Zypp, which has 3,000 delivery riders, said new delivery partners will further empower it to enhance sustainable delivery capabilities. With every delivery, Zypp Electric is reducing the carbon footprint of logistics and increasing the savings per. Zypp provides businesses with EVs, drivers, EV charging infrastructure, and maintenance support for last mile delivery. Magazine. Download the app: Login with your credentials and verify by OTP 2. We are on a mission zero emission where we wish to accelerate last mile delivery to go 100% sustainable with EVs by 2028 while making it efficient, affordable, intelligent, and reliable. We provide quality Two wheeler Rental Services for the Most Affordable Price, so you can count on our e-bike Rental services for the Best Rental ride. The funds will be utilized across the company's operations as it looks to expand its fleet from 10,000 to 2-lakh electric scooters and widen its footprint to 30 Indian cities by. India’s leading mobility startups and founded in 2017. The funding round marks Gogoro's latest effort to expand in India, where EVs are receiving. 5 Cr Zypp Electric to deploy 2 lakh EVs; needs $300M to support growth Zypp Electric’s annual revenue jumps 459% in FY23 as it gears up for. 5 million, including $7. 9 of the Delhi Electric Vehicles Policy Act, 2020, which mandates logistic companies to go 100 percent electric by 2025. 24%; Sun Pharmaceutical Industries share price; 1,201. Benling aura on rent in delhi. In case you’ve forgotten, Gogoro announced its India entry in back in November 2022 in association with Zypp Electric for a B2B pilot project. This syndicate partnership will help Zypp Electric to maintain the growing demand on its EV rental platform and support its mission to provide access to 1 million users for both the last-mile. "Food delivery is all on 2-wheelers and is mostly running on petrol and, at the same time, wanting to shift to EVs to save costs. Scan Scooter: Go to nearest. Zypp Electric India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of. Zypp Electric, which operates in the last-mile. 5 million to date, so far deployed over 13,000 electric vehicles on the roads. With this, Pune has become the first city in Western India where Zypp Electric will begin operations. Village Map. 8. ZYPP electric Initial Investment. The startup last raised around $7 Mn in its Series A funding round , led by. Honda Navi; Rs 4249-Rs 4500. 7 1. Zypp Electric's latest funding round was a Series B for $20M on February 8, 2023. Moreover, the bikes are available for multiple durations- daily, weekly, and monthly. 1 Location. Besides, ebike rental business is easily run and scalable. 1000/day on average. Zypp Electric collected around 86% of its operating income from delivery services while the rest came from the vehicle rent and sale of products. 650/week for Zypp Uno and Rs. We are committed to helping India to reach its milestone of 70% of commercial electric vehicles by 2030. We Founder Circle and Indian Angel Network are the most recent investors. We are committed to helping India to reach its milestone of 70% of commercial electric vehicles by 2030. Gogoro is going to launch it's 2 Series on November 2024 as an electric scooter at a starting price of Rs. The Campaign will consist of multiple categories based on rider's earnings. Zypp plans to deploy 200,000 electric scooters and expand its footprint to 30 cities. The startup is now looking beyond Delhi-NCR—its biggest market so far—to Bengaluru for expansion. 2. The company has partnered with food delivery app Zomato. Zypp Electric's top competitors include Ola Electric Mobility, Bounce Infinity, and EVeez. This rent is for a fully charged electric bike with a range of around 120 km. Zypp Electric deploys 2,000 electric scooters in Bengaluru, aims to deploy 8,000 more in next 2 months. The rocky road to EV financing. Zypp Electric has already made strides in sustainable. It is made for Delivery and. The latest appointment follows Zypp's recent announcement about raising $ 1 million in debt funding from Northern Arc to expand its EV fleet services. Starting With Bike-Sharing Rental, Couple Scales to Rs 125 Crore Turnover E-Scooter Delivery Business. 1. The founders observed that 50 percent of the commute in India is less than 5 km. 10 Fundings. Zypp Electric, co-founded by Akash Gupta and Rashi Agarwal in 2017, provides electric scooters on rent to its clients. Zypp Electric is a company providing electric scooter rental services with a mission of zero emissions. Zypp Electric, a tech-enabled electric vehicle-as-a-service platform has announced its association with Zomato for deploying 1 lakh e-scooters by 2024. This makes Zypp an attractive option for businesses looking to reduce their delivery costs without sacrificing quality. 502,923,925. Zypp Electric then makes a payout to drivers from the money collected from ecommerce companies. The company said. Taiwan-based Gogoro enables sustainable mobility solutions for cities. This comparison is a key point they make. New Delhi: EV-based last-mile delivery service provider Zypp Electric on Thursday announced the elevation of Tushar Mehta as Co-founder and Chief Operating Officer. 1 Million shipments from IC engine to Electric in FY21 and FY22, the company is looking plans to do 4 million pollution-free deliveries in FY22, which is 4x. Games. Last mile delivery start-up Zypp Electric has raised around $7 million (approximately Rs. By Seshan Vijayraghvan-10228 second ago. . The company, that currently provides electric scooters on rent to consumers mostly in the NCR, is looking at raising $12 million over the next 6-7 months. They have a reasonable price. Zypp currently operates in nine cities namely Delhi, Gurgaon, Ghaziabad, Noida, Faridabad, Mumbai, Bengaluru, Pune, and Hyderabad. 1: $600K. News. Each category will require a minimum of two riders to be eligible for the prizes on the basis of the earnings. 8 1. The cost of electric bike is less than 1 rupee for per kilometer. The first investment comes in the form of Zypp Electric with the launch of 250 Hero Electric two-wheelers in New Delhi. Zypp Electric, India’s Leading EV-as-a-Service Platform, was established in 2017 with the goal of making India carbon-free by utilizing an ecosystem of electric vehicles and EV-based technology to provide sustainable and emission-free last-mile logistics. Leading Tech-Enabled EV-as-a-Service platform, Zypp Electric was founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV based technology to make last mile logistics sustainable and emission free. With a wide range of scooters and easily accessible locations in Bangalore, at an affordable price. Say Goodbye to rising fuel prices, Say hello to Zypp Rentals. 2% from 2020 to 2025. Also Read: Zypp Electric Expects 5X Revenue Growth In FY 2022. Zypp Electric is growing its user base on Zypp rentals at 300 per cent month-on-month with the plans of expansion and investment on more scooters under its fleet. 1. The company will be initially offering this service in four Indian cities. "Food delivery is all on 2-wheelers and is mostly running on petrol and, at the same time,. electric scooter rental in Bangalore. 96. Zypp EV Everywhere. We have attractive B2B plans to enable your business, employees with green e-scooter rental plans or hire our end to end last mile delivery with a rider option. Enjoy e-bike delivery right to your location and set off for a full-day of easy cycling to discover picturesque and lush Victoria. The startup, which provides EVs for last-mile delivery for online stores, plans on using the funds to increase its fleet size to 200,000 EVs from 10,000, and expand to 30 Indian cities including Chennai and. Phone Number 911244789888. Zypp is now valued at about six times the nearly $30 million valuation it fetched in the previous round, Gupta said, adding it is recording $20 million in annual recurring revenue and growing 20%. Zypp Electric's business model is to make Zypp Electric scooter has raised approximately $9 million in equity and $5 million in bike leasing. If we talk about petrol bikes, then their average is 40 to 50 km per liter and its cost will be around 90 to 110 rupees. Founded Year. 500. It has a 40 Ah battery and can go 120 kilometres in one charge. In India, Gogoro has announced a strategic B2B initiative and partnership with the EV-as-a-Service platform Zypp Electric. app Ph: +91 8884890060Given the growing EV demand, Zypp Electric also intends to roll out over 2 lakh electric scooters and expand its services to 20 Indian cities by the end of 2025. Zypp Cargo electric scooter launched in India at a starting price of Rs 59,000. 2. 1. Zypp Electric | 69,761 followers on LinkedIn. 206 crore) in series B funding. 6M over 10 rounds. Zypp Electric’s revenue from operations ramped up 4. The participant Get a chance to win a 42 inch LED Smart. Zypp Electric was founded in 2017 as a bicycle rental platform. Zypp electric rental scooter for deliveries at Rs. Commenting about the association, Mohit Sardana, COO, Food Delivery at. Zypp is growing its user base on Zypp rentals at 300. The venture has since grown into a Rs 125 crore business, boasting a fleet of 12,000 electric scooters under the Zypp Electric brand and providing last-mile delivery for e-commerce platforms. ₹4,000/month ₹5,000 /month 20% off . Save Petrol Cost. As of now, we are one of the best rental companies in Bangalore, and we have rented out more than 1000 people so far and a total of four to five scooter brands are available for rent at our company. Tushar Mehta, SVP & Business Head, Zypp Electric EV-based delivery startup Zypp Electric has announced the appointment of Tushar Mehta as Senior Vice President and Business Head. 9Unicorns Accelerator Fund: Nov 14, 2019: Seed Round - Zypp Electric . We have four market horizon. Zypp Electric Scooter Rental | कैसे और कँहा से Zypp electric scooter rent पे ले Amit Kumar 7011380133Today in this video we reviewed about Zypp electric scoo. Zypp Electric, India's leading EV Logistics Tech Delivery start-up has announced setting up India's first EV D2C (Direct-to-Consumer). 6 crore) in debt funding from Northern Arc to expand its electric vehicle (EV) fleet services as it is looking to deploy 1. app Ph: +91 8884890060With our smart Dashboards for you. The company started out as an electric rental mobility company for commuters. Pedego Electric Bikes. The most popular products under this bracket are the AMO Electric Jaunty (Rs 62,500), Ola S1 Pro (Rs. Zypp Taxi 6. The company rents EVs to riders at starting prices of INR 100 per day. The electric two-wheeler taxi service will initially be a pilot run for three. Description. Go Electric with Zypp Deliveries. Zypp Electric was founded in 2017 as a bicycle rental platform. The startup began operations with 100 EV bikers in each of the two cities. As part of the tie-up, Zypp will also provide delivery partners to Zomato for the last-mile deliveries in various cities across the country, Zypp said in a statement. Zypp Last Mile Deliveries. Ola Electric Mobility. 85% of employees would recommend working at Zypp Electric to a friend and 77% have a positive outlook for the business. HCL Technologies share price; 1,311. capacity of 160 kg. Mehta has extensive experience of over a decade in building businesses for Mahindra & Mahindra and Kotak Mahindra Bank. Zypp Electric India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV based technology to make last mile logistics sustainable and emission free. The company's platform allows its users to browse for bicycle locations and scan QR codes on the vehicle using the application on a subscription-based program to plan their traveling, enabling users to get a convenient, on-demand, and. Discover the story of how Zypp became a leading player in the EV industry. Zypp Electric currently operates in Delhi-NCR and Bengaluru; The brand serves delivery players such as Swiggy, Zomato, Amazon, Myntra, Delhivery, and PharmEasy. More than 401,786 batteries swapped per day in the last 30 days. In this strategic collaboration, Lectrix EV will leverage its expertise and resources to supply. and logistic companies joining hands with EV rental. . New Delhi. In September 2021, BluSmart raised EV asset financing of $36 million to build India’s largest fully-electric ride hailing fleet and will scale to 5000 EVs by December 2022 across Delhi NCR. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, help@zypp. 5X to Rs 21. Zypp Electric is a leading last-mile delivery fleet management company operating with 100% Electric Vehicles. Tax benefits: If you buy or rent an EV, you might enjoy tax benefits. Both these companies have tremendous potential going forward and the Fund has retained the major part of its. According to Zypp co-founder Akash Gupta, the cost of setting up a battery swap station is maybe 1 Lakh rupees. Gogoro claims that a battery can be swapped in just six seconds. Vayu Electric Scooter Rental Service who provide electric scooter on rent on very affordable price for everyone. Benelli New TNT 300. Zypp Electric is growing its user base on Zypp rentals at 300 per cent month-on-month with the plans of expansion and investment on more scooters under its fleet. We are committed to helping India to reach its milestone of 70% of commercial electric vehicles by 2030. Download & Signup | Visit Hub | Become Zypp Pilot Join our Mission Zero. Our Mission. Lending his views on leveraging IoT in electrifying last. The company has further plans. He said that Zypp’s asset utlisation is 90-92%. RENTAL AND USE OF PRODUCTS. Mobycy Zypp is India's 1st electric scooter and electric car sharing, with custom rental e-scooters ZYPP, cars and bike sharing platform app. ” more. Zypp Electric has announced its association with Zomato for deploying 1 lakh e-scooters by 2024. We are committed to helping India to reach its milestone of 70% of commercial electric vehicles by 2030. India's leading B2B Delivery and shared mobility app | Zypp is working to convert all deliveries for e-commerce, grocery, medicine and food vertical to go electric with e-scooter sharing app. If we talk about petrol bikes, then their average is 40 to 50 km per liter and its cost will be around 90 to 110 rupees. 'A delivery rider. 5 million in debt or asset leasing. Download the app: Login with your credentials and verify by OTP. NEW DELHI: Electric vehicle logistics firm Zypp Electric on Tuesday said it will hire and train 3,000 women as delivery partners by the end of 2022 as part of plans to expand its driver partner community to 25,000. Type: Company - Private. India's Leading E-Scooter Delivery App | Zypp Electric is India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero-Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV-based technology to make last-mile logistics sustainable and. Rapido will be onboarding more than 100 riders and electric two-wheelers. The partnership would integrate 2000 Zypp Electric two-wheelers with Battery Smart’s network providing the drivers with seamless access to 175-plus swap stations across the Delhi NCR. The startup is now looking beyond Delhi-NCR—its biggest market so far—to. The founders observed that 50 percent of the commute in India is less than 5 km. Woodenstreet has provided IAN a return of more than 10 times with an IRR of 105. com . Zypp Electric, one of India’s leading EV logistics companies, has today announced that the company plans to expand its driver-partner community to 25,000 by the end of 2022. Users will be able to load up to 250 kg and have an average mileage of 120 km in a single. 5 crores. The company aims to use debt as a new expansion funnel along with the. The burgeoning urban congestion in major cities has propelled the demand for compact, innovative, and flexible modes of transportation, making electric scooter rentals a go-to solution. If the electric scooter is registered in your company’s name, you can benefit. 5 Mn till date, of which $30 Mn was in equity and $7. Titan Company share price; 3,394. Investors. Jan 27. Gurgaon, India. It now has 300 clients and plans to reach 1,000+ partners by FY2022. The network of Zypp Electric is constantly growing and the number of employees headquartered in Gurugram, Haryana reaches more than 200. Zypp Electric’s revenue from operations ramped up 4. Our Mission. 6 and can be improved. Zypp Electric is an established rival. April, 22, 2023 READ MORE. 2 Lakh. Provider of electric-two-wheeler rental services for delivery professionals. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, help@zypp. Tata Steel share price ; 125. Zypp Electric expects to grow 3x and hire 450-500 new employees, largely in technology and operations. Moreover, the. 13% and Enterprise hold 2. 100/day. Akash Gupta, co-founder & CEO, Zypp Electric. Scan QR code to unlock a scooter, e-bike parked in a dockless way at public places. Seed Round - Zypp Electric . January 24, 2022. 5 million so far. . Overview. Ola Electric manufactures electric vehicles. Ride the HIGH PERFORMANCE powerful double battery scooter on rent starting at just Zypp Rental for delivery starting at Rs. Zypp Electric has raised $35. Zypp said it is now looking to close the current financial year at over Rs 25 crore, which will be five times more than the revenue of FY21. Number of Investors 30. "Electric vehicles are what the entire (delivery) industry is looking forward to," Zypp's Chief Executive Officer Akash Gupta told Reuters. BREAKING: Yamaha Enters EV Leasing Space Jun 9, 2022 Views : 7752 1 min read By Nishaad Joshi The company’s leasing sub-brand kickstarts its operations. Zypp Electric made its debut in India with its first B2B heavy electric scooter, the ‘Zypp Cargo,’ in July 2021. Zypp currently has over 1,000 electric vehicles across Delhi, Gurgaon, Noida,. Zypp Electric also intends to roll out over 1. com Jan 25, 2023 6:00:10 PM IST (Published) 2 Min Read. It provides escooters for last-mile delivery to over 50 brands. This husband wife duo, Akash Gupta and Rashi Agarwal launched their last mile delivery company Zypp Electric in 2017 with electric vehicles. It’s really helpful for consumer budget as well as it’s helpful for reducing the environmental pollution. Zypp Cargo electric scooter launched in India at a starting price of Rs 59,000. Benelli New TNT 300. Zypp Last Mile Deliveries. Zypp (earlier Mobycy) is in the Electric Mobility space with a mission to "Make all Last Mile Deliveries & Commutes Go Electric"Zypp Electric, which operates in the last-mile delivery space, plans to expand its fleet to 10,000 e-scooters over the next 12-14 months and onboard more riders, including women The company, which works. IAN Fund: Show More . Together, the companies are focused on. Anvil - Henley-on-Thames based, 2023 founded, Unfunded company. He said that Zypp’s asset utlisation is 90-92%. By renting an electric bike from Zypp, businesses can save up to 80% on traditional delivery costs. Zypp Electric. Unlike other bike rental services, Zypp offers electric bikes that are specifically designed for delivery. 2 Series goes 170km in a full charge. Net worth. Lectrix EV is renowned for its cutting-edge electric two-wheelers. Model Name: Hero Nyx. Today about 4,000 riders are using Zypp Electric EVs and platforms to earn a livelihood, stated Gupta. . Image: Madhu Kapparath. Zypp, which has 3,000 delivery riders, said new delivery partners will further empower it. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, help@zypp. Myntra partnered with Zypp Electric to quickly transition to EV. Lastly, Zypp is a convenient and cost-effective solution for delivery services. 87 crores in funding in a Series A round co-led by 9Unicorns and Anthill Ventures as investors are betting big on the Indian EV space. Zypp Electric is funded by 30 investors. New Delhi: IAN Fund I has exited partially from Woodenstreet and Zypp Electric. 51 to 200 Employees. Zypp Electric, the EV-as-a-service platform said it has raised $25 million in a Series B funding round led by Gogoro, a global technology leader in battery-swapping ecosystems. 1 Lakh for 50,000km that is; 1 km = Rs. Founded in 2017 by Akash Gupta, Rashi Agarwal, and Tushar Mehta, Zypp started as a commuter electric rental mobility provider. The company said it has expanded its partnership with EV fleet partners Lithium Urban Technologies, Everest Fleet Pvt Ltd and Moove in order to deploy 25,000 electric cars in India on the Uber platform over the next two years. As part of the association, Zypp will also provide delivery partners to Zomato for the last-mile. 25 Lakh) (all prices Ex-showroom). The company claims to have already put more than. 5. 05 2. We are not just a team, We are a family! Zypp Electric India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV based technology to make last mile logistics sustainable and emission free. 40 Lakh. “My friend googled a place and found this bike rental place. Founded by Akash Gupta, Rashi Gupta and 1 other in the year 2017. Rental services often have specific types of bikes. So, if you're a startup looking for an opportunity to. Gogoro claims that the battery-swapping stations are weather-proof and they can provide. We are on a mission zero emission where we wish to accelerate last mile delivery to go 100% sustainable with EVs by 2028 while making it efficient, affordable, intelligent, and reliable. Gogoro partners Zypp Electric for battery swapping pilot, first 100 vehicles to roll out in December;. Zypp Electric is a company providing electric scooter rental services with a mission of zero emissions. Mumbai: Zypp Electric, which operates in the last-mile delivery space, is expecting its turnover to jump five-fold to Rs 25 crore during this fiscal while it plans to deploy one lakh electric vehicles in 2022, the company said on Tuesday. 99%, ESOP hold 10. Zypp Electric introduced a heavy-duty scooter which it claims is specially built for last-mile logistics. Monthly rentals are now available at a 20% discount for the first 50 users. Zypp Electric Appoints Gajendra Arya As Senior Vice President - Technology. zypp electric scooter price on road. Zypp Electric, which operates in the last-mile space, on Monday said it has raised USD 1 million (about Rs 7. Zypp Electric has launched the country’s first B2B heavy-duty IoT enabled electric scooter named Zypp Cargo. The burgeoning urban congestion in major cities has. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, help@zypp. Used Cars. 1%; Kotak Mahindra. Get In Touch 7th Floor, Delta Tower-54, Institutional Area, Sector 44, Gurugram, Haryana - 122003, [email protected] Electric | 69,761 followers on LinkedIn. Expected Price : ₹ 2 - 3. Its current Annual Run Rate (ARR) is around $15 million, and it is expected to reach $500 million by December 2024. 5 lakh electric scooters and expand its services to 15 Indian cities by the end of 2024. Its products are Ola S1 and Ola S1x, an electric scooter for customers. Efficient Property Price Estimation App. Zypp Electric has raised $1Mn in debt funding from Northern Arc to expand its EV Fleet services. zypp electric. AA. Listen to This Article. . Zypp Electric has also recently raised $25 million (Rs 206 crore) in Series B led by Gogoro and a few other new and existing investors. It has also joined hands with micro-lender SIDBI to provide 10 billion rupees. Hyperlocal and EV-based last-mile delivery start-up Zypp Electric said on Tuesday it has raised around USD 7 million (about ₹ 52 crore) in a Series-A funding round amid its plans to expand its fleet to 10,000 vehicles across 25 cities in the next 12 months. Titan Company share price; 3,394. Under the partnership, Zypp Electric and TSAW Drones plan to deploy 200 drones for last mile delivery services in the first phase in four cities. 4. Zypp Electric has raised $1Mn in debt funding from Northern Arc to expand its EV Fleet services. This husband wife duo, Akash Gupta and Rashi Agarwal launched their last mile delivery company Zypp Electric in 2017 with electric vehicles. Zypp Electric, an EV startup that provides last-mile logistics services, has announced raising $25 million (Rs. Zypp aims to targets to achieve more than 1 Crore deliveries through its electric vehicles by 2024. 2 Lakh. Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan's battery-swapping. @toi. Gupta told TechCrunch that as part of Zypp Electric’s goal to reach. There are 332 electric scooty currently on sale from various manufacturers starting from 25,000. ZyppElectric. Zypp Scooter Home Delivery You'll get a refreshing new look of your favorite EV app which we hope you'll love a lot more. Login. However, the founders quickly pivoted when they recognized a massive. India's largest last mile delivery electric mobility. Hyperlocal start-up, which provides electric scooters on rent to clients, plans to scale up business Zypp Electric (Zypp), an EV-based last-mile delivery service provider, has raised around $7 million in a Series A round co-led by 9Unicorns and Anthill Ventures. Zypp Electric, which operates in the last-mile space, on Monday said it has raised USD 1 million (about Rs 7. Zypp is solving the major concern of low earning of gig-workers by creating a peak management focus system which enables orders coming in during crucial peak hours for various gig-works like Bike taxi, groceries, food, Ecom and Hyperlocal. With the electric scooter and motorcycle market booming in India, Gogoro and Zypp are set to take full advantage of Gogoro’s battery swapping as an effective tool to keep those EVs on the road. Zypp Electric is India's Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero-Emission to decarbonize last-mile deliveries in India with an ecosystem of Electric. WHO WE ARE. Leading in the #electricvehicles #lastmiledelivery space, Rashi Agarwal co-founder & CBO told. 94%; Tech Mahindra share price; 1,216 0. The startup had begun as an electric rental mobility company for commuters. Here are the daily estimated costs of bike rentals in India, Bajaj Platina: Rs 549. In the next three months, we want to expand to a fleet of 1000 electric vehicles in both cities,” Akash Gupta, Co- Founder & CEO said. Zypp Electric, a hyperlocal and EV-based last-mile delivery start-up, on Monday announced that it has raised $1 million in debt funding from Northern Arc to expand its EV fleet services. Zypp Electric is India's leading D2C EV brand which helps last mile delivery go electric, increase sales and revenue with doorstep delivery and reduce pollution. 5 million with the new funding. 27%;. 5 Cr Zypp Electric has offloaded 20% of its ESOPs to 15 dedicated employees who have been with the EV services provider for over a year. Being the leader in EV logistics and rentals, Zypp is poised to drive its Mission Zero-Emission and make India greener by adding 1. Zypp Electric. Updated Apr 08, 2022, 12:30 PM IST. India's largest last mile delivery electric mobility app. Electric vehicle (EV) service platform Zypp Electric became the first company in the segment to offer employee stock ownership plan (Esop) buyback. Free; Land Area Calculator for android from One Software App. The. Expected Launch : Nov 17, 2023. app Ph: +91 8884890060Read More. Zypp Electric. IANS / Updated: May 2, 2023, 17:20 IST. 2017. EV-as-a-service platform Zypp Electric has partnered with Zomato for deploying one lakh electric scooters for last-mile mobility by 2024. More than 403,481 batteries swapped per day in the last 30 days. The company was founde…Zypp Electric offers a disruptive e-bike and e-scooter sharing technology platform created to solve last-mile mobility sustainably. In India, the ride-sharing market still has a long way to go to develop and is expected to grow at a CAGR of 20. EV-as-a-service startup Zypp Electric has brought on board Amit Goyal as director of engineering and Ketan Ray as vice-president business head. 4. Bootstrapped with 1. The company also earned Rs 88 lakh of. Get your own Electric Scooter on Rent at affordable prices starting at INR99 per day across Delhi, Gurgaon, Noida, and Ghaziabad. The service will be a pilot run from March 2021 in the Delhi-NCR region. We have electric scooters, electric loaders to serve. Zypp Electric India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV based technology to make last mile logistics sustainable and emission free. Zypp Electric deploys 2,000 electric scooters in Bengaluru, aims to deploy 8,000 more in next 2 months May, 02, 2023 READ MORE Zypp Electric, Zomato join hands to deploy 1-lakh e-scooters for last-mile delivery by 2024Akash Gupta, CEO and Co-founder of Zypp Electric, said in an interview with PTI that the company is targeting a revenue of Rs 500 crore this financial year—a significant increase from the Rs 125. Source: Zypp website. Rental services often have specific types of bikes. Zypp Electric works with various OEM partners to buy, rent and lease vehicles that are particularly suited to the task of last-mile delivery. 47 crore during the fiscal year ending March 2022 as compared to Rs 4. 02%; Tech. Zypp Electric, India's electric vehicle-based last-mile delivery start-up has announced a six-fold increase in annual revenue, as compared to the last financial year.