Zypp Electric
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About Zypp Electric
Zypp Electric India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission of Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV-based technology to make last-mile logistics sustainable and emission-free. Zypp Electric's business model is to make carbon-free last-mile delivery for local merchants from e-commerce giants to delivery executives and thereby reduce delivery cost and pollution on an asset-light model. The company currently delivers groceries, medicines, food, and e-commerce packages from point A to point B through their fully automated IoT and AI-enabled scooters which are low on maintenance and high on performance. The technology tracks batteries that can be replaced at Zypp swapping stations which are installed at key touchpoints. Eco-friendly EV services also reduce the cost per delivery and help to make the city pollution-free. Currently, it has over 20,000+ (as of November 2024) and increasing Zypp EVs and pilots (delivery executives) working towards this mission.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.7/5 based on 289 reviews | 3.8/5 based on 4.2k reviews | 3.5/5 based on 3.6k reviews | 3.9/5 based on 5.1k reviews |
Highly Rated for | No highly rated category | No highly rated category | No highly rated category | Salary Skill development Work-life balance |
Critically Rated for | No critically rated category | Job security Promotions | Job security Promotions Work-life balance | Job security |
Primary Work Policy | Work from office 83% employees reported | Work from office 43% employees reported | Work from office 74% employees reported | Hybrid 47% employees reported |
Rating by Women Employees | 4.6 Excellent rated by 36 women | 3.6 Good rated by 506 women | 3.4 Average rated by 429 women | 3.5 Good rated by 259 women |
Rating by Men Employees | 3.5 Good rated by 235 men | 3.8 Good rated by 3.4k men | 3.5 Good rated by 3k men | 4.0 Good rated by 4.4k men |
Job security | 3.4 Average | 3.2 Average | 3.0 Average | 3.0 Average |
Zypp Electric Salaries
Cluster Manager
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City Head
HUB Manager
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Product Manager
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Zypp Electric lays off 10% of workforce amid profitability push
- Indian electric vehicle fleet management firm Zypp Electric has downsized its workforce by around 10% as it focuses on profitability and prepares for a potential public listing.
- The company conducted an appraisal exercise to drive efficiency and rationalise non-performers.
- In FY24, Zypp Electric's losses doubled to INR 91 crore, while its operating revenue increased to INR 293 crore.
- The company aims to achieve profitability in the next two to three quarters and plans to expand its fleet and operations in new cities.

Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues
- Electric mobility startup Zypp Electric has laid off nearly 10% of its workforce due to 'performance' issues.
- The layoffs were part of a 'rationalisation' exercise aimed at driving efficiency, sustainable growth, and profitability.
- Zypp aims to reach EBITDA profitability before its planned IPO by the end of 2026 and is focused on reducing cash burn and losses.
- The company operates a fleet of over 22,000 electric scooters and has raised a total of $55.5 million in funding.

What Will Drive Zypp Electric To INR 1000 Cr Milestone?
- India's startup economy is witnessing a shift towards 'quick commerce' and 'as a service,' emphasizing the importance of EV-as-a-Service (EVaaS).
- Zypp Electric, a key player in the EV market, aims to reach a revenue milestone of INR 1,000 Cr in FY25.
- Having raised $55.5 Mn and planning to raise an additional $35 Mn, Zypp focuses on B2B and B2C segments providing EV solutions.
- Despite revenue growth in FY24 to INR 292.7 Cr, net loss also surged 125% to INR 91.1 Cr.
- Zypp anticipates achieving EBITDA positivity soon and plans to co-develop EVs with OEMs.
- The company targets electric delivery fleet electrification in partnership with OEMs to cater to quick commerce needs.
- Zypp Electric operates an industry-agnostic model, witnessing accelerated demand from ride-hailing, ecommerce, and quick commerce sectors.
- The company strives for efficient scaling, partnerships, and meeting service level agreements to sustain service quality.
- Facing evolving competition, Zypp Electric ensures operational efficiency, focussing on partnerships, and sustainable growth.
- The government's support and incentives for EVs have fueled industry growth, pushing for a shift from ICE to EVs.

Zypp Electric To Partner Indofast To Roll Out 1 Lakh Electric Two-Wheelers In 18 Months
- Zypp Electric plans to deploy 1 lakh electric two-wheelers in partnership with Indofast Swap Energy Pvt.
- Zypp Electric has already deployed over 10,000 EVs supported by Indofast Energy's battery swapping infrastructure.
- The new fleet of 1 lakh electric two-wheelers will be deployed across India's top eight cities.
- With Indofast Energy's battery swapping network, riders will gain unlimited range and near-zero downtime.

Zypp Electric strengthens senior leadership; appoints Parag Raheja as Executive Vice President
- Zypp Electric has appointed Parag Raheja as Executive Vice President.
- Parag Raheja will spearhead fleet operations and rider experience functions.
- Parag brings over 15 years of experience in scaling business operations.
- Zypp Electric aims to revolutionize sustainable transportation using EV-based technology.

Zypp Electric Secures ₹55.4 Crore in Ongoing Series C Funding Round
- Zypp Electric has raised ₹55.4 crore ($6.5 million) in its ongoing Series C funding round.
- The funding is expected to value the company at approximately $335-350 million.
- 16 individual investors, including Kapil Kriplani and Narinder Bajaj, participated in the funding round.
- Zypp Electric provides EV-as-a-service solutions to major partners like Flipkart, Zomato, Uber, and more.

Zypp Electric secures Rs 55.4 Cr in ongoing Series C funding round
- Zypp Electric is raising Rs 55.4 crore ($6.5 million) from 16 investors as part of its ongoing Series C funding round.
- The company will issue 564 Series C2 compulsory convertible preference shares (CCPS) and be valued at around $335-350 million post the funding round.
- Key investors include Kapil Kriplani, Narinder Bajaj, Neeraj Goel, and Samir Goenka.
- Zypp Electric's partners include BigBasket, Zepto, Flipkart, Myntra, Zomato, Swiggy, Blinkit, Uber, Porter, Rapido, 1MG, Delhivery, and Blue Dart.

Zypp Electric partners with e-Sprinto to electrify the last mile, gives 30,000 e-scooters order
- Zypp Electric partners with e-Sprinto to electrify the last mile, gives 30,000 e-scooters order
- Zypp Electric and e-Sprinto have entered into a partnership to deploy 30,000 e-Sprinto high-speed electric vehicles into Zypp Electric's fleet over the next three years.
- The partnership aims to strengthen sustainable transportation and better livelihoods for delivery pilots while providing top-tier after-sales service and support.
- The collaboration aligns with the goal of reducing carbon emissions and creating eco-friendly urban logistics.

Startup news and updates: Daily roundup (December 26, 2024)
- EatSure, the flagship D2C platform of Rebel Foods, has launched its multi-restaurant group ordering feature.
- Zypp Electric has partnered with e-Sprinto to deploy 30,000 e-Sprinto high-speed electric vehicles into Zypp Electric’s fleet over the next three years.
- Evocus has appointed Pramod Joshi as Head of Retail Sales and Export to lead sales efforts and expand its reach globally.
- Jobs and talent platform foundit has made three leadership appointments: Pranay Kale as Chief Revenue and Growth Officer, Anupama Bhimrajka as Vice President of Marketing, and Tanesh Arora as Vice President of Candidate Services.

Today Startup News 18 December 2024 From The Indian Startup Ecosystem
- Seekho App secures $8 million in Series A funding round led by Lightspeed.
- Athera Venture Partners receives support from HDFC AMC for a Rs 900-Crore fund.
- Easebuzz is in talks to raise INR 200 crore in a new funding round, with Bessemer Venture Partners as a key investor.
- Former SoftBank India Head Manoj Kohli joins Zypp Electric as Senior Advisor.

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