EV startup Zypp Electric has announced the deployment of 2,000 electric scooters in Bengaluru. It has also onboarded 2000 delivery executives to facilitate efficient last-mile delivery, and boost employment opportunities in the gig economy. Zypp aims to integrate 5000+ more riders with its service in the coming 2 months, and add 8,000 additional electric scooters to its fleet in the city. Zypp further plans to install 100+ Gorogro battery swapping stations at its Bengaluru hubs in the next 12-18 months.
Zypp presently manages deliveries and ride-sharing services for many quick ecommerce service providers like Zomato, Swiggy, Amazon, Flipkart, Dunzo, and Blinkit.
Speaking about the deployment, Rashi Agarwal, CBO and Co-founder, Zypp Electric, said, “We are thrilled to announce our latest endeavour – the deployment of 2,000 electric scooters in Bengaluru. Our aim is to provide companies with affordable and sustainable last mile logistics solutions. Following our successful operations in Delhi NCR, we see a strategic opportunity to expand our services in this city. By increasing our electric fleet, Zypp Electric is taking a step forward in making green logistics accessible to businesses. This initiative will not only benefit our partners in reducing costs but also create more job opportunities in the gig economy. We are confident that our electric scooters will become a vital component of the logistics infrastructure in Bengaluru and are committed to serving the city’s businesses.”
As part of its larger plan to extend services to 30 cities in India and expand its fleet size to 2 lakh e-scooters by 2025, Zypp Electric has announced the deployment of these electric scooters. Recently, Zypp Electric has also raised $25Mn in Series B led by Gogoro and a few other new and existing investors. The funding round consisted of both equity and debt funding, with a $20Mn equity round and $5Mn debt allocated for fleet expansion from global impact fund IIX, in addition to a prominent national bank. This also marked the first instance of global impact funds and Indian banks participating in EV Debt for any startup or fleet operator in the country.
Zypp Electric claims to have completed 15 million deliveries, saving 33Mn KG Co2. According to Zypp, it has 10,000 gig workers.
source/content: economictimes.indiatimes.com (headline edited)