Zypp Electric funding, investors and company details

Zypp Electric is an emerging Automobile - EV startup from Gurugram, working in the space of EV startup focused on enabling last-mile delivery through rentals of electric scooters and three-wheelers. Founded by Akash Gupta, Rashi Agarwal, Tushar Mehta, Melissa Horn.

Company: Zypp Electric Fleetech Private Limited
Sector: Automobile - EV
Location: Gurugram
Founders: Akash Gupta, Rashi Agarwal, Tushar Mehta, Melissa Horn
Total funding raised: ₹331.29 Cr

Company overview

Zypp Electric is an EV startup focused on enabling last-mile delivery through rentals of electric scooters and three-wheelers. With a fleet of over 20,000 electric two-wheelers and 800+ three-wheelers, it has emerged as one of India’s largest green logistics platforms. Operating in the electric mobility and logistics space, Zypp provides EV rentals to delivery partners and enterprises to support sustainable last-mile operations. Driven by its “Zero Emission” mission, the company aims to replace petrol-powered scooters with fully electric vehicles, reducing pollution while creating an affordable and eco-friendly delivery ecosystem. Zypp’s rental model allows delivery partners to operate cost-effectively while contributing to clean mobility. The company has expanded rapidly, managing over 500,000 shipments per month across NCR, Bengaluru, and Mumbai, backed by a workforce of more than 1,000 employees.

Funding rounds

Latest round (Series C): $ 14.00 Mn (₹116.79 Cr.), 2024-05-27. Investors: ENEOS
Past round (Series B): $ 25.00 Mn (₹206.60 Cr.), 2023-02-09. Investors: Gogoro, Goodyear Ventures, 9Unicorns, WFC (We Founder Circle), Venture Catalysts, LetsVenture, Indian Angel Network (IAN), Ivygrowth, Grip
Past round: $ 1.00 Mn (₹7.90 Cr.), 2022-06-05. Investors: Northern Arc