Zypp Electric expects five-fold jump in turnover to Rs 25 crore
Zypp Electric, which operates in the last-mile delivery space, is expecting its turnover to jump five-fold to Rs 25 crore during this fiscal while it plans to deploy one lakh electric vehicles in 2022, the company said on Tuesday.
Currently, the company works with top grocery, medicines, food, and e-commerce players and other quick commerce companies in cities such as Delhi-NCR, Bengaluru, Hyderabad, Mumbai and Pune.
Launched in 2017, the Gurugram-based start-up earlier in September this year raised USD 7 million in Series-A funding round.
The company currently has 5,000 electric vehicles (EVs) in the Delhi-NCR region and plans to expand to one lakh EVs in the next 18 months in the top-10 cities of India, Zypp Electric said in a statement.
