Zypp Electric has marked a milestone with a rise of 3X revenue growth in India. This growth showcases their commitment to deliveries through sustainable mobility solutions through the last miles.
ZYPP Electric deployed 20,000 e-scooters in India
Zypp Electric has achieved 396% compound annual growth in India during 2019-2022. It has expanded its presence over six major cities in India including Delhi NCR, Bengaluru, and Mumbai. With the deployment increase of 11,000 to 20,000 electric scooters, the company sticks to sustainable logistics and mobility platforms.
ZYPP Electric’s toward sustainability
Zypp Electric has done 45 million plus shipment deliveries via electric vehicles from January 2023 to February 2024 which equates to growing almost 76 Lakh trees on the planet Earth. Over the past year, ZYPP has empowered more than 53,000 delivery executives to adopt an electric vehicle, with an opportunity to earn more on their platform. Their environmentally friendly initiatives have led to a significant reduction of 29 million kilograms of carbon emissions.
Commenting on the company’s stellar performance, Akash Gupta, Co-Founder & CEO, Zypp Electric, remarked, “The last fiscal year has been momentous for us. We grew our revenues almost 3X vs. the last fiscal year which I am super proud of for our team to achieve this milestone amid the changing EV landscape. While ramping things up in NCR & Bengaluru by adding more hubs, we initiated our operations in Mumbai this year.”
Further, he added, “Looking ahead, we’re excited to commence our services in Hyderabad & targeting to launch in a new city every quarter. On the fleet front, we intend to grow our current strength of 20,000 to around 100,000 vehicles in the next 12 to 18 months and then grow that to 500,000 over the following 36 to 48 months. Profitability is the next major milestone which we’re eyeing closely at Zypp along with growth.”
Zypp Electric has also entered into a partnership with Porter Enterprises to provide reliable logistics solutions. With a powerful foundation and strategic expansions, a superlative EV Fleet Management technology platform Zypp Electric will reshape the landscape of last-mile deliveries and accelerate the transition towards a sustainable future.