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 11 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
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bycyshare Technologies Private Limited
- Date of Incorporation 08 Aug, 2017
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$35.36 M (USD)1254.06as on Mar 31, 2024
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Net Profit
$-10.65 M (USD)-495.72as on Mar 31, 2024
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EBITDA
$-8.08 M (USD)-533.43as on Mar 31, 2024
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Total Equity Funding
$50.34 M (USD)
in 11 rounds
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Latest Funding Round
$6.5 M (USD), Series C
Jan 15, 2025
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Investors
Angel List
& 67 more
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Employee Count
1096
as on Feb 13, 2025
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Funding Insights of Zypp Electric
Zypp Electric has successfully raised a total of $50.34M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $6.5 million completed in January 2025. 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.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series C — $6.5M
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First Round
First Round
(17 Nov 2017)
- Investors Count 68
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - Zypp Electric | Valuation |
investors |
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| Apr, 2024 | Amount | Series C - Zypp Electric | Valuation | ENEOS Group , ENEOS | |
| Feb, 2023 | Amount | Debt – Conventional - Zypp Electric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Investments are directed by Goodyear Ventures into mobility technology sectors.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zypp Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Zypp Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zypp Electric Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shared electric two-wheelers are rented via an online platform.
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| domain | founded_year | HQ Location |
Hyper-local connectivity solutions are delivered for enterprise last-mile fulfillment.
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| domain | founded_year | HQ Location |
Electric mobility solutions are provided for logistics last-mile deliveries.
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| domain | founded_year | HQ Location |
Local deliveries are facilitated through electric vehicles by Evify.
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| domain | founded_year | HQ Location |
Electric vehicle fleets are provided for last-mile logistics operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zypp Electric
Frequently Asked Questions about Zypp Electric
When was Zypp Electric founded?
Zypp Electric was founded in 2017.
Where is Zypp Electric located?
Zypp Electric is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Zypp Electric?
Akash Gupta is the current CEO of Zypp Electric. They have also founded this company.
Is Zypp Electric a funded company?
Zypp Electric is a funded company, having raised a total of $50.34M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5M, raised on Nov 17, 2017.
How many employees does Zypp Electric have?
As of Feb 13, 2025, the latest employee count at Zypp Electric is 1,096.
What is the annual revenue of Zypp Electric?
Annual revenue of Zypp Electric is $35.36M as on Mar 31, 2024.
What does Zypp Electric do?
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.
Who are the top competitors of Zypp Electric?
Zypp Electric's top competitors include Yulu, Hala Mobility and MoEving.
Who are Zypp Electric's investors?
Zypp Electric has 68 investors. Key investors include Angel List, Northern Arc Capital, Grip Invest, Goodyear, and Gogoro.
What is Zypp Electric's valuation?
The valuation of Zypp Electric is $322.28M as of Jan 2025.