Zypp Electric
Gurugram-based EV-as-a-service platform providing electric two- and three-wheeler rentals to gig-economy delivery riders and last-mile logistics fleets for e-commerce, quick-commerce, and food-delivery companies; also licenses its FleetEase.ai fleet-management software to third-party EV fleet operators. Originally founded as bike-sharing startup Mobycy in 2017 before pivoting to EV rentals and then to B2B last-mile delivery.
Zypp Electric: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 15 Jan 2025 | Series C extension (proposed C2 CCPS) | ₹55.4 Cr ($6.5 Mn) proposed issuance | Ajay Kumar Aggarwal Gagan Khanna Kapil Kriplani Narinder Bajaj Nirmal K Bathwal Samir Goenka Supersonic Carrier Vega Industries | source |
| 27 May 2024 | Series C1 | $15 Mn | ENEOS 9Unicorns Indian Angel Network Venture Catalysts We Founder Circle | source |
| 9 Feb 2023 | Series B | $25 Mn ($20 Mn equity + $5 Mn debt) | Gogoro 9Unicorns Goodyear Ventures Grip IIX Indian Angel Network IVY Growth Associates LetsVenture Venture Catalysts We Founder Circle | source |
| 29 Sep 2021 | Series A | About $7 Mn | 9Unicorns Anthill Ventures Dholakia Ventures Indian Angel Network Nanavati Family Office Riso Capital Fund Venture Catalysts We Founder Circle | source |
| 14 Nov 2019 | Pre-Series A | ₹15 Cr | Indian Angel Network | source |
| 5 Dec 2017 | Seed | $0.5 Mn | source |
Recent Signals
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22 Jun 2026 · financial
Zypp Electric targets $150-200 Mn IPO in FY28, appoints Axis Capital, SBI Capital, DAM Capital as bankers source -
22 Jun 2026 · funding
Atlas-filed total funding ($56.1 Mn, 6 rounds) still trails the $76.5 Mn cited independently by Entrackr and Outlook Business source -
18 Feb 2026 · financial
Zypp Electric's FY25 revenue from operations grows 50% to Rs 438 Cr; loss widens to Rs 107.5 Cr source -
27 May 2024 · funding
Regulatory filing puts Zypp's May 2024 ENEOS tranche at Rs 116 Cr ($14 Mn), vs $15 Mn widely reported source
News on Zypp Electric
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Who founded Zypp Electric?
Zypp Electric was founded by Akash Gupta, Rashi Agrawal in 2017.
How much funding has Zypp Electric raised?
Zypp Electric has raised $56.12 Mn across 6 tracked funding round(s), most recently on 2025-01-15. Figures are compiled from cited public sources.
Who are the investors in Zypp Electric?
Investors in Zypp Electric include Ajay Kumar Aggarwal, Gagan Khanna, Kapil Kriplani, Narinder Bajaj, Nirmal K Bathwal, Samir Goenka, Supersonic Carrier, Vega Industries.
What does Zypp Electric do?
Gurugram-based EV-as-a-service platform providing electric two- and three-wheeler rentals to gig-economy delivery riders and last-mile logistics fleets for e-commerce, quick-commerce, and food-delivery companies; also licenses its FleetEase.ai fleet-management software to third-party EV fleet operators. Originally founded as bike-sharing startup Mobycy in 2017 before pivoting to…
Where is Zypp Electric headquartered?
Zypp Electric is headquartered in Gurugram, Haryana, India.
What is Zypp Electric's business model?
Zypp Electric's core value proposition centers on Cheaper than a petrol bike, Dedicated riders for last-mile delivery (B2B), AI-driven fleet uptime (FleetEase.ai), Zero-emission, sustainable mobility.
How does Zypp Electric make money?
Zypp Electric's cited revenue streams include Two-wheeler rental income from riders, Three-wheeler / loader rentals for B2B cargo, Franchise platform & software fees, Rent-to-own vehicle sales.