# Zypp Electric

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zypp-electric

- Industry: Transportation Services
- Headquarters: Gurugram, India
- Website: www.zypp.app/
- Total disclosed funding: $41M
- Latest round: Series C (Apr 26, 2024)
- Investors on record: 23

## About

Zypp Electric is an India-based company specializing in electric scooter rental services for last-mile delivery and personal mobility, focusing on affordable and sustainable transportation solutions.Founded in Gurugram, India, in 2017, Zypp Electric offers electric scooter rentals aimed at enhancing last-mile delivery services. The company has executed 11 deals to date, with its latest funding round being a Series C in January 2025, raising INR 674.34 million from AIA Engineering Ltd. and Super Sonic Carrier Private Limited, bringing the total amount raised to INR 674.34 million. The company is led by CEO Akash Gupta, who co-founded Zypp Electric along with Rashi Agarwal and Tushar Mehta.Zypp Electric primarily provides electric scooter rental services targeted at delivery partners and individual users. Their fleet of electric scooters addresses the operational challenges associated with internal combustion engine vehicles, including rising fuel costs and maintenance expenses. The scooters are accessible through a mobile app, offering users flexible rental options for personal and delivery needs, primarily in urban regions of India.In 2023, Zypp Electric reported a revenue of INR 1,091,313,000 and an EBITDA of INR 405,296,000. The company's revenue model is based on rental transactions from electric scooters, allowing clients to engage on a flexible basis, thereby helping delivery partners reduce costs while maximizing earnings.On January 16, 2025, Zypp Electric secured INR 674.34 million in Series C funding, which will be utilized to enhance electric vehicle adoption and improve delivery efficiency. The company is focused on expanding its market presence, targeting additional urban regions across India for its electric scooter services. Upcoming product launches are expected to further diversify their offerings, aligning with the growing demand for sustainable transportation solutions.

## Funding rounds

- Series C, Apr 26, 2024, $15M — ENEOS, Indian Angel Network, Venture Catalysts, TSM Ventures, 100Unicorns, We Founder Circle
- Series B, Jan 25, 2023, $19M — Indian Angel Network, Gogoro Inc., Astarc Ventures, Venture Catalysts, Anicut Capital, LVX, TSM Ventures, Goodyear Ventures, 9 Unicorn Ventures, 100Unicorns, Grip Invest Technologies Private Limited, We Founder Circle, IVY Growth Associates, Peaceful Progress
- Series A, Nov 22, 2021, $4.4M — Indian Angel Network, Venture Catalysts, Anthill Ventures, Z Nation Lab, RiSo Capital, 100Unicorns, We Founder Circle, Salil Chakrabarty Innovation Fund, Dholakia Ventures, AL trust
- Series A, Aug 21, 2021, $0.5M — Anthill Ventures, RiSo Capital, 100Unicorns
- Series A, Jan 10, 2020, $2.1M — Indian Angel Network, Venture Catalysts, Sparrow Tech Private Limited
- Angel, Jul 27, 2018, $0.3M — Venture Catalysts, Shell India Markets Private Limited

## Investors

- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Angel, Series A, Series B, Series C
- Shell India Markets Private Limited — Angel
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A, Series B, Series C
- Sparrow Tech Private Limited — Series A
- Anthill Ventures (https://capitalatlas.ai/funds/anthill-ventures) — Series A
- RiSo Capital (https://capitalatlas.ai/funds/riso-capital) — Series A
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series A, Series B, Series C
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Series A
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Series A, Series B, Series C
- Salil Chakrabarty Innovation Fund — Series A
- Dholakia Ventures (https://capitalatlas.ai/funds/dholakia-ventures) — Series A
- AL trust — Series A
- Gogoro Inc. — Series B
- Astarc Ventures (https://capitalatlas.ai/funds/astarc-ventures) — Series B
- Anicut Capital (https://capitalatlas.ai/funds/anicut-capital) — Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series B
- TSM Ventures — Series B, Series C
- Goodyear Ventures (https://capitalatlas.ai/funds/goodyear-ventures) — Series B
- 9 Unicorn Ventures — Series B
- Grip Invest Technologies Private Limited — Series B
- IVY Growth Associates (https://capitalatlas.ai/funds/ivy-growth-associates) — Series B
- Peaceful Progress (https://capitalatlas.ai/funds/peaceful-progress) — Series B
- ENEOS — Series C