Zypp Electric, a logistics platform for electric vehicles (EV), is advancing with lightning speed in the last-mile delivery market.
The company, which currently has a fleet of 17,000 riders and is targeting to add over 80,000 more in the next 18 months, has recorded a five-fold rise in revenue—in FY23, Zypp earned Rs 125 crore in revenue, up from Rs 25 crore in FY21 and Rs 5 crore in the previous fiscal. Its fleet size during this period went from 300 to 3052.