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Zypp Electric

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Company Research Report: Zypp Electric



Company Overview



  • Name: Zypp Electric

  • Mission of the Company: Zypp Electric is on a mission to make last-mile delivery sustainable by achieving zero emissions using electric vehicles (EVs). Their objective is to cover 100% last-mile deliveries with EVs by 2028, aligning with zero-emission goals.

  • Founded: 2017

  • Key People:

  • Akash Gupta: Co-Founder & CEO

  • Rashi Agarwal: Co-Founder & CBO

  • Tushar Mehta: Co-Founder & COO

  • Parag Raheja: EVP, Fleet & Maintenance

  • Sudhir Sharma: SVP, Finance

  • Ricky Singh: SVP, Operations

  • Sudipto Shome: VP, Operations and Business

  • Rahul Yadav: VP Technology

  • Vishwajeet Singh: AVP Design, Marketing

  • Pawneet Kaur: Head, HR

  • Aayush Chandgothia: General Manager, Data & BI

  • Kunal Thakur: Head, TA

  • Headquarters: No information is available

  • Number of Employees: No information is available

  • Revenue of the Company: Registered a 3X revenue growth in FY24 with a 396% CAGR from 2019 to 2022.

  • What is the Company Known for: Zypp Electric is known as India’s largest tech-enabled EV-as-a-Service platform, focusing on zero-emission deliveries.


Products



  • Product Offerings: Zypp Electric provides an EV-as-a-Service platform catering to last-mile delivery solutions using automated IoT and AI-enabled scooters.

  • Key Features and Services:

  • Saving on petrol costs through high-performance double battery vehicles.

  • Charger provision, 24/7 support with app operation, ensuring a 100-120Km range.

  • Full-stack SaaS solutions including client interface, fleet management tools, and an analytics dashboard.

  • Advanced battery management system for optimizing battery performance and scooters equipped with motor locks for enhanced security.


Recent Developments



  • Recent Developments:

  • Ranked as the top company in FT High-Growth Companies Asia-Pacific 2024.

  • Announced plans to deploy 500,000 e-scooters in India by FY27.

  • New Products and Partnerships:

  • Partnered with Zomato to deploy 100,000 e-scooters.

  • Initiates EVolve Innovation Challenge for supporting early-stage EV startups.

  • Collaborated with Lectrix EV to enhance its e-scooter fleet.

  • Engaged in a pilot with Gogoro for battery-swapping technology.


  • New Features and Innovations:

  • Launched Green’o’Meter for tracking emissions saved equivalent to tree planting.

  • Developed Shift adherence algorithm and intelligent scheduling for optimal resource utilization.

  • Introducing motor lock features and enhancing battery-swapping capabilities.


  • Growth and Expansion:

  • Expanded operations to more cities including Mumbai and Bengaluru.

  • Reports suggest expansion plans across India’s urban setup including Hyderabad, Pune, and Jaipur.

  • Plans to achieve EBITDA profitability in 6-8 months with revenue forecasts of achieving INR 10,000 crores in future evaluations.


  • Achievements:

  • Deploying more than 20,000 e-scooters across major Indian cities.

  • Achieved significant reduction in emissions—reported CO2 savings over 47,612,575 KG.


By integrating advanced technology with the need for ecological sustainability, Zypp Electric is addressing last-mile delivery's environmental impacts and operational challenges, contributing significantly to the broader adoption of electric vehicles in commercial logistics.