Zypp Electric

Gurugram, India Founded: 2017 • Age: 9 yrs
Electric vehicles are supplied for last-mile delivery and rental needs.
Annual revenue $35.4M Latest available
Total funding $50.3M 13 rounds
Employees 1096 Tracked headcount
Investors 68 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

About Zypp Electric

Zypp Electric is a company based in Gurugram (India) founded in 2017 by Tushar Mehta, Rashi Agarwal, and Akash Gupta. Zypp Electric has raised $50.34 million across 13 funding rounds from investors including Angel List, Northern Arc Capital and Grip Invest. The company has 1,096 employees as of February 13, 2025. Zypp Electric operates in a competitive market with competitors including Yulu, 3eco, MoEving, Evify and BluWheelz, among others.

  • Headquarter Gurugram, India
  • Employees 1096 as on 13 Feb, 2025
  • Founders Tushar Mehta, Rashi Agarwal, Akash Gupta
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Bycyshare Technologies Private Limited
  • Date of Incorporation 08 Aug, 2017
  • Jurisdiction Gurgaon, Haryana, India
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Supply Chain, Freight & Logistics Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Road Transportation & Transit Systems Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $35.36 M (USD)
    1254.06
    as on Mar 31, 2024
  • Net Profit
    -$10.65 M (USD)
    -495.72
    as on Mar 31, 2024
  • EBITDA
    -$8.08 M (USD)
    -533.43
    as on Mar 31, 2024
  • Total Equity Funding
    $50.34 M (USD)

    in 13 rounds

  • Latest Funding Round
    Not available
  • Investors
    Angel List

    & 67 more

  • Employee Count
    1096

    as on Feb 13, 2025

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People of Zypp Electric

Headcount 50-200
Employee Profiles 33
Employee Profiles
People
Chiraag Vohra
Head of Operations
People
Akash Gupta
Co-Founder & CEO
People
Parag Raheja
Executive Vice President
People
Ankus Singh
Senior Manager Fleet Operations

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Funding Insights of Zypp Electric

Zypp Electric has successfully raised a total of $50.34M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Zypp Electric

Zypp Electric has secured backing from 68 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Angel List, Northern Arc Capital and Grip Invest.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
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Investments are directed by Goodyear Ventures into mobility technology sectors.
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Investor details for Zypp Electric

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Investments & Acquisitions by Zypp Electric

Investments
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Investment portfolio details for Zypp Electric

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Financial Statements - Zypp Electric

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Detailed financials for Zypp Electric

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Zypp Electric Comparisons

Zypp Electric Primary company
Description
Electric vehicles are supplied for last-mile delivery and re...
Location
Gurugram, India
Founded Year
2017
Annual Revenue
$35.36 M (USD)
Net Profit
-$10.65 M (USD)
EBITDA
-$8.08 M (USD)
Employees
1,096
As of 2025
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Peer comparison for Zypp Electric

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Competitors of Zypp Electric

Zypp Electric operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yulu, 3eco, MoEving, Evify and BluWheelz, among others.

Company Name Domain Founded year HQ Location Description
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Shared electric two-wheelers are rented via an online platform.
Locked Locked Locked
Hyper-local connectivity solutions are delivered for enterprise last-mile fulfillment.
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Electric mobility solutions are provided for logistics last-mile deliveries.
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Local deliveries are facilitated through electric vehicles by Evify.
Locked Locked Locked
Electric vehicle fleets are provided for last-mile logistics operations.
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Detailed competitors of Zypp Electric

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Latest news on Zypp Electric

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Complete news archive for Zypp Electric

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Frequently Asked Questions about Zypp Electric

Zypp Electric was founded in 2017.

Zypp Electric is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Akash Gupta is the current CEO of Zypp Electric. They have also founded this company.

Zypp Electric is a funded company, having raised a total of $50.34M across 13 funding rounds to date.

As of Feb 13, 2025, the latest employee count at Zypp Electric is 1,096.

Annual revenue of Zypp Electric is $35.36M as on Mar 31, 2024.

Zypp Electric was founded in 2017 and is headquartered in Gurugram, India. Electric scooters and cargo vehicles are offered for rental to support last-mile delivery operations. Solutions are provided to delivery services with a focus on emission reduction. Rental options are available alongside pathways to vehicle ownership. The company operates within the electric mobility sector, serving urban logistics requirements.

Zypp Electric's top competitors include Yulu, Hala Mobility and MoEving.

Zypp Electric has 68 investors. Key investors include Angel List, Northern Arc Capital, Grip Invest, Goodyear, and Gogoro.

The valuation of Zypp Electric is $322.28M as of Jan 2025.

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