Zypp Electric Gains Rs 15 Million for EV Expansion

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Zypp Electric has raised $15 million in series C1 to increase its fleet of electric scooters from 21,000 to 2,000,000. The round was spearheaded by the Japanese major ENEOS with participation from current investors 9unicorns, IAN fund, venture catalysts, WFC, and others.

Zypp is a leading player in the electric motorcycle delivery market. From January 2023 to March 2024, the company has completed over 50 million deliveries. The company plans to expand its domestic operations to 15 cities nationwide by 2026.

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