EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025
EV-as-a-service platform Zypp Electric on Wednesday announced raising funds of USD 25-million under series B funding from a clutch of investors, led by Gogoro.
The round is a mix of equity and debt funding, with the USD 20-million equity round and USD 5-million debt for fleet expansion from global impact fund IIX along with a large national bank participating the same, the company said.
This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, it added.
