Zypp Electric - About the company
Zypp Electric is a series C company based in Gurugram (India), founded in 2017 by Rashi Agarwal, Tushar Mehta, Ann Hayes and Akash Gupta. It operates as an Operator of electric vehicle rental services for last mile delivery. Zypp Electric has raised $76.5M in funding from investors like ENEOS Group, Gogoro and Anthill Ventures, with a current valuation of $*****. The company has 65 active competitors, including 24 that are funded. Its top competitors include companies like Yulu, Alt Mobility and Baaz.
Company Details
Operator of electric vehicle rental services for last mile delivery. This business provides electric scooters and three-wheeled loaders for commercial use. The service model includes battery swapping infrastructure to support continuous vehicle operation. Users access these vehicles through a digital platform to facilitate the transport of goods. The business maintains the fleet and provides technical support for the vehicles.
- Website
- zypp.app
- Social
- Email ID
- *****@zypp.app
- Registered Address
- Tower 16 Flat 1201, The South Close Sector 50 near Niravana Country Gurgaon, Gurgaon, Gurgaon, Gurgaon, Haryana, India, 122018
Key Metrics
Founded Year
2017
Location
Gurugram, India
Stage
Series C
Total Funding
$76.5M in 12 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 26, 2025
Investors
Ranked
3rd among 65 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
1,099 as on May 31, 2026
Similar Companies
Legal entities associated with Zypp Electric
Zypp Electric is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Bycyshare Technologies Private Limited CIN: U63000HR2017PTC070227 , India, Active | Aug 08, 2017 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 1099 (As on May 31, 2026) |
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Zypp Electric's funding and investors
Zypp Electric has raised a total funding of $76.5M over 12 rounds. Its first funding round was on Nov 17, 2017. Its latest funding round was a Series C round on Jan 15, 2025 for $*****. 11 investors participated in its latest round. Zypp Electric has 70 institutional investors and 106 angel investors.
Here is the list of recent funding rounds of Zypp Electric:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 15, 2025 | 5022036 | Series C | 8024768 | 9177574 | 2353731 | 8623571 |
Aug 08, 2024 | 6296370 | Series C | 7176578 | 8175897 | 5657619 | 6507313 |
Apr 26, 2024 | 7459417 | Series C | 6844886 | 1906557 |
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Zypp Electric's founders and board of directors
Founder? Claim ProfileThe founders of Zypp Electric are Rashi Agarwal, Tushar Mehta, Ann Hayes and Akash Gupta. Akash Gupta is the CEO of Zypp Electric.
Here are the details of Zypp Electric's key team members:
- Rashi Agarwal: Co-Founder & CBO of Zypp Electric and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Tushar Mehta: Co-Founder & COO of Zypp Electric and founder of 1 other company. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
- Ann Hayes: Founder of Zypp Electric.
- Akash Gupta: Co-Founder & CEO of Zypp Electric and founder of 1 other company. Contact Info: 1 email address
Zypp Electric's Board of Directors
Zypp Electric's board has 4 active members. Akash Gupta, Rashi Agarwal, Madhav Sikka and Bruce Morrison Aitken are part of team.Here is the list of Zypp Electric's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 11m | |
Team | - | Current | 8y 11m | |
Investor | - | Current | 1y 6m | |
Investor | - | Current | 3y 5m |
View details of Zypp Electric's Founder profiles and Board Members
Zypp Electric's employee count trend
Zypp Electric has 1,099 employees as of May 26. The total employee count is 20.0% more than what it was in May 25. Here is Zypp Electric's employee count trend over the years:
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Zypp Electric's Competitors and alternates
Top competitors of Zypp Electric include Yulu, Alt Mobility and Baaz. Here is the list of Top 10 competitors of Zypp Electric, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform offering shared electric two-wheeler rentals | $135M | 80/100 | ||
2nd |  Alt Mobility 2020, Delhi (India), Series A | Provider of electric vehicle leasing and lifecycle management solutions | $17.3M | 71/100 | |
3rd |  Zypp Electric 2017, Gurugram (India), Series C | Operator of electric vehicle rental services for last mile delivery | $76.5M | 74/100 | |
4th | Manufacturer of electric scooters and provider of battery swapping infrastructure | $13.2M | 67/100 | ||
5th | Provider of electric vehicle fleets and charging infrastructure management services | $49.5M | 67/100 | ||
6th | Provider of EV asset management, leasing, and financing solutions | $11.5M | 65/100 | ||
7th |  ETO Motors 2018, Hyderabad (India), Seed | Manufacturer of electric three-wheelers, electric autos, and EV charging solutions | $15.2M | 64/100 | |
8th |  Hala Mobility 2020, Hyderabad (India), Series A | Provider of electric vehicle subscription leasing and financing service options | $12.5M | 63/100 | |
9th | Electric mobility solutions for logistics companies | $15.3M | 58/100 | ||
10th | Provider of electric vehicle fleet rentals, charging, and management solutions | $3.04M | 53/100 |
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Zypp Electric's Latest cap tables and shareholding
Founders (largest shareholder) own 38.73%, Funds own 22.60%, Enterprises own 20.27% and Angels own 1.45%. The net worth of Zypp Electric's founders is INR 1,100Cr as of Mar 26, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 38.73% | 1,100Cr | 1373840 | 8576271 | 8577396 | 2895476 |
8751001 | 5860603 | 8807577 | 5424503 | 1385199 | 4500543 | |
Fund | 22.60% | 640Cr | 8723600 | 6888133 | 9107833 | 4750682 |
Enterprise | 20.27% | 574Cr | 7497250 | 5654806 | 5366453 | 9432776 |
Angel | 1.45% | 41.1Cr | 6 | 4 | 7 | 8 |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.13% | 3.74Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 4.46% | 126Cr | 5526 | 8363 | 7622 | 8363 |
Other Investors | 12.35% | 350Cr | 4679376 | 9816933 | 7788636 | 5200998 |
Total | 100.00% | 2,830Cr | 7770622 | 9452432 | 8829056 | 2612033 |
To unlock detailed Cap Table of Zypp Electric Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Zypp Electric's Shareholding
Zypp Electric's Investments and acquisitions
Zypp Electric has not made any acquisitions yet. Zypp Electric has made 4 investments.Here is the list of latest three $investments:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 17, 2024 | Investments | 2021 | Pune (India) | |
May 02, 2022 | Investments | 2019 | Gurugram (India) | |
Apr 25, 2022 | Investments | 2019 | Noida (India) |
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Reports related to Zypp Electric
Here is the latest report on Zypp Electric's sector:
News related to Zypp Electric
Filter this listMedia has covered Zypp Electric for a total of 5 events in the last 1 year, 3 of them have been about company updates.
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Zypp Electric: From Shark Tank Rejection to Rs 3,000 Crore Valuation in Booming EV BusinessMoneycontrol•Jul 28, 2026•Zypp Electric
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EV Logistics Startup Zypp Electric Plans $200 Mn IPO in FY28Outlook Business•Jun 22, 2026•Zypp Electric, Goodyear Ventures, Venture Catalysts, Indian Angel Network and 6 others
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Zypp Electric Launches Lead Generation Marketing Engine Through EV Advertising FleetMedia Bulletins•Oct 03, 2025•Zypp Electric
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Zypp Electric closes FY’25 at RS 455 crore, reports 50 Percent revenue growthBusinessnewsthisweek•Apr 28, 2025•Zypp Electric
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Zypp Electric strengthens senior leadership; appoints Parag Raheja as Executive Vice PresidentBusinessnewsthisweek•Jan 21, 2025•Zypp Electric, Snapdeal
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