Zypp Electric is a renting service for battery-powered cars for distribution workers that is accessible via a smartphone application.
Zypp Electric makes electric motorcycles available for shipping workers.
With zypp electric, Customers may utilize the smartphone app to track down the electric scooters and activate them by simply scanning QR codes on their devices.
zypp electric offerings additionally encompass hyper-local, delivery within the last mile, and electronic scooters renting for pick-up and drop-off.
zypp Electric is available Both on iOS as well as the Android devices
Zypp Electric’s aim is to spread the ‘EV-as-a-Service’ answer around the globe while reducing pollutants and combating global warming.
Table of Contents
About Zypp Electric:
Zypp Electric is the creator of an internet smartphone program designed to simplify and provide a dockless motorcycle and shared platform.
Customers are able to obtain a helpful upon request and inexpensive alternative technique of conveyance with the help of the Zypp electric, which enables individuals to search for bike places and examine quick response codes on their bikes.
Zypp Electric is a localized final-mile delivery business that uses electric vehicles (EVs). Through the use of the application on a paid-for program, zypp electric assists customers via a method for getting around by searching for bike spots and scanning immediate response coding (QR) codes onto the car’s dashboard.
Previously, zypp electric was referred to as Mobycy.
Zypp Electric headquarters are located at Sector 44 Road, 7th Floor Delta Tower, Plot 54 Gurgaon, 122003, India.
| Name of the company | Zypp electric |
| Founded year | 2017 |
| Founders of the company | Akash gupta, Rashi gupta and Tushar Mehta |
| Competitors of the company | Akash Gupta, Rashi Gupta, and Tushar Mehta |
| Website of the company | zypp.app |
| Country of origin | Gurugram, india |
| Investors of the company | 128 investors |
| Valuation of the company | 27.1 million dollars |
Zypp Electric Name and logo:
Zypp Electric Founders:
Zypp Electric has three founders; they are Akash Gupta, Rashi Agarwal, and tushar mehta.
Akash Gupta –
Akash Gupta is the co-founder and CEO of zypp electric.
He completed his education at the University of Rajasthan, where he completed his BE in computer science in 2005.
After that, he went to the Institute of management technology, Ghaziabad, for his PGDBM in information technology and marketing in 2006.
He worked for many companies, including Infosys technologies ltd, frost & Sullivan, dell perot systems, airtel, Snapchat, and Mobikwik.
Currently, he is also working as a startup fellow for Unreasonable.
Rashi Agarwal –
Rashi Agarwal is the co-founder and CBO of zypp electric.
Rashi Agarwal completed his education at SSJ campus, where she completed her b.com in 2005.
After that, she went to the Indian Institute of Management in kozhikode where she completed her senior management program – SMP, organizational leadership in 2022.
She worked for many companies before launching zypp electric; they are ICICI Bank as a finance intern and S&P Capital IQ as a senior consultant.
Before zypp electric, she also letsflaunt.com in 2015.
Tushar Mehta:-
Tushar Mehta is the co-founder and COO.
Tushar Mehta completed his education at the management development institute (MDI) where he completed his PGDBM in marketing in Gurgaon in 2010.
Tushar worked for Philips Electronics India and completed his summer internship from there; he then worked as a regional head at Mahindra & Mahindra Ltd, branch head at kotak mahindra, director at Ola, business head & vice president at CARS 24 and CBO at Mahindra first choice wheel ltd.
Lastly, he founded zypp electric in 2021.
Zypp Electric board of directors:
- Akash Gupta
- Rashi Gupta
- Saurabh Sharma – (Nominee director)
Zypp electric competitors:
Moeving –
moeving is a supplier of digital transportation options enabling intracity final-mile delivery. The business provides electric transport vehicles for moving goods. Additionally, it offers systems of charging infrastructure for delivering goods to the final metre.
The company was founded in 2021 in Gurgaon in India.
The company valuation is 43 million dollars.
EVeez –
eveez is a company that rents out electric two-wheelers for shipping workers. Customers of the online service can sign up for electric motorcycles for their own commuting, shipment services, and others. It provides advantages, including sustainable trips, annual membership schemes, etc.
The company was founded in 2020 in Gurgaon in India.
The total funding raised by the company is 989k dollars.
Eveez’s valuation as of 2022 is 4.02 million dollars.
Dot –
DOT is a sustainable transportation solutions company established in India that specializes in transportation as well as final mile deliveries.
The company provides a collection of entirely electric motorcycles to logistic organizations as well as other delivery services. The business also provides private customers with a bicycle-sharing option.
DOT was founded in 2015 in Gurgaon.
The company valuation of DOt is 6.75 million dollars.
Electorq –
electorq is a Cloud-based platform for electrical small-scale mobility solutions. The business provides kick motorbikes, electric mobility devices, and bikes for the final-mile shipment and transport solutions that are computerized and hardware supported.
It provides vehicle administration services supported by the cloud, sensor-based preventive maintenance programs, etc.
It also provides characteristics like tailored answers, automatic service record production, battery switching stations for fuel replenishing, and others.
Zypp Electric Investors:
Zypp Electric has a total of 128 investors, from which the company has raised a total of 37.5 million dollars over 11 rounds of funding.
Some prominent investors of zypp electric are –
Wells Fargo –
Wells Fargo is a multifaceted commercial and investment company. The business provides products and solutions in a variety of industries, including consumer banking, commercial and commercial banking, ventures, and reinsurance. The business reported $108.93 billion in annual sales and a $14.5 billion profitability in 2022.
The company was founded in 1852 in san francisco in the united states.
Northern Arc –
Northern Arc Capital Limited operates in the Indian banking and insurance sector.
It offers a wide range of options to meet the credit needs of emerging economies and startups using technology as well as information. Its corporate approach is varied in terms of products and services, industries, products, regions, and loan groups.
Northern Arc has secured more than INR One Trillion in assets for its customer base considering the system’s establishment in 2009. As of March 31, 2021, Northern Arc’s coverage was distributed throughout 657 towns in twenty-eight states and 7 Union Territory areas in India.
It has given out more than 6 million mortgages to retail consumers. Overall, including those who are people, families, and small-scale enterprises.
Gogoro –
Gogoro Inc. is a company working to lower acceptance hurdles for electricity and gasoline so that any urban commuter can access swappable electricity.
The company is Geographically present in Taiwan and other nations, and Taiwan accounts for almost all of its economic activity.
Faqs related to Zypp Electric:
When was zypp electric founded?
The company zypp electric was founded in 2017.
Where was the company zypp electric founded?
The company zypp electric was founded in Gurgaon in India.
How much total funding has the company zypp electric raised?
The company zypp electric has raised a total funding of 37.5 million dollars.
When was the latest funding round of zypp electric?
The most recent funding round of zypp electric was on February 8th, 2023.
What is the company valuation of zypp electric?
The company valuation of zypp electric is 27.1 million dollars.
In what space does zypp electric serve?
The company zypp electric serve in the B2C and B2B space.
In what market segment does zypp electric serve?
The company zypp electric serve in retail, energy tech, travel and hospitality tech, auto tech, transportation and logistics tech, and environment tech.
How many angel investors does zypp electric have?
The company zypp electric has 88 angel investors.
How Many Institutional Investors Does Zypp Electric Have?
The company zypp electric has 40 institutional investors.
Is zypp electric a unicorn?
No, the company zypp electric is a minicorn.
Conclusion
Zypp Electric is India’s Premier EV-as-a-Service Framework, which was established in 2017 with the goal of making the Country carbon-neutral by utilizing a community of electric automobiles and EV-based technologies to provide environmentally friendly and emission-free final-mile operations.
The ultimate objective of Zypp Electric’s company approach is to minimize shipping expenses and emissions on an asset-light basis by performing last-mile deliveries without emissions for local businesses of all sizes, large e-commerce companies, and transportation professionals.
zypp Electric now uses completely autonomous the Internet of Things and is powered by artificial intelligence for transporting goods, medications, food items, and goods purchased online between position A to destination B.
Zypp Electric is striving towards this goal with approximately 15000 Zypp electric vehicles and transportation professionals.
Zypp Electric’s email is help@zypp.app.
Zypp Electric’s legal name is share technologies Pvt Ltd and it has its headquarters in gurugram, Haryana, India.
