Zypp Electric

Zypp Electric is a prominent electric mobility startup based in Gurgaon, India, that focuses on providing eco-friendly last-mile delivery solutions. Here are the key details about the company:

Mission and Vision

Zypp Electric operates with a mission to achieve Zero Emission and make India carbon-free by utilizing a fleet of electric vehicles (EVs) for sustainable last-mile logistics. The company aims to reduce delivery costs and pollution through its innovative business model.

Products and Services

• Electric Scooters and Bicycles: Zypp provides a fleet of electric scooters and bicycles available for rent on a subscription basis. These vehicles are designed for last-mile delivery, catering to various sectors including groceries, medicines, food, and e-commerce packages.

• IoT and AI Integration: The scooters are equipped with IoT technology that allows for battery tracking and management. Batteries can be swapped at designated Zypp swapping stations, enhancing operational efficiency.

• Delivery Partner Program: Zypp connects with delivery partners through pilot programs, providing them with electric vehicles and supporting infrastructure to facilitate deliveries.

Market Position

Zypp Electric is recognized as one of the largest players in the electric mobility sector focused on transforming last-mile delivery in India. The company collaborates with major e-commerce platforms and local merchants, including Amazon, Zomato, Swiggy, and Delhivery.

Business Model

Zypp operates on an asset-light model that allows local merchants and e-commerce giants to utilize its EV fleet without the burden of ownership. This model not only helps reduce operational costs but also minimizes environmental impact.

Funding Information

Zypp Electric has successfully raised a total of approximately ₹409.7 crore, which includes a $6.5 million Series A funding round. Investors include notable names such as 9Unicorns, Indian Angel Network, Anthill Ventures, and ENEOS.

Future Aspirations

The company aims to scale its operations nationally and eventually expand internationally. Zypp Electric is committed to increasing its fleet size and enhancing its service offerings while promoting sustainability in urban logistics.

Community Impact

Zypp Electric has initiated programs to promote inclusivity by hiring women as delivery partners, aiming for them to comprise 50% of its workforce. This initiative not only empowers women but also provides flexible earning opportunities.

In summary, Zypp Electric is at the forefront of India's transition to electric mobility, focusing on sustainable last-mile delivery solutions that benefit businesses and the environment alike.