Zypp Electric’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Bycyshare Technologies Private Limited | CIN: U74999HR2017PTC070227
Founded in 2017 by Akash Gupta, Rashi Agarwal, and Tushar Mehta, Zypp Electric is India’s leading electric vehicle-as-a-service platform. The company focuses on providing last-mile delivery solutions using electric scooters and a robust battery-swapping infrastructure. With partnerships across major e-commerce, food, and grocery delivery companies, Zypp Electric has scaled rapidly to become a key player in India’s growing EV ecosystem. Its mission to achieve zero-emission deliveries and build a sustainable logistics backbone has garnered strong investor support and rapid adoption across urban centers.
| Founded | 2017 |
|---|---|
| Headquarters | Gurgaon, India |
| Valuation | ~$300 million (2024 est.) |
| Annual Revenue (FY24 est.) | ₹165 Cr |
| Net Loss (FY24 est.) | ₹40 Cr |
| Employees | ~500 |
| Round | Year | Amount | Lead Investors |
|---|---|---|---|
| Seed | 2018 | Undisclosed | Angel investors |
| Series A | 2021 | $7 million | IAN Fund, 9Unicorns |
| Series B | 2023 | $37 million | Goodyear Ventures, Shell Ventures |
| Series C | 2024 | $26 million | Existing investors & family offices |
Zypp Electric's revenue grew from ₹30 Cr in FY22 to ₹165 Cr in FY24, driven by rapid fleet expansion and increased partnerships with e-commerce and logistics players. Losses have widened moderately as the company continues to invest in fleet growth and infrastructure.
EBITDA margins improved from -80% in FY22 to -25% in FY24, reflecting higher utilization rates and operational efficiencies. Continued investments in technology and battery-swapping infrastructure affect margins.
Employee headcount increased from 200 in FY22 to 500 in FY24 to support fleet management, technology development, and operations across multiple cities.
Zypp Electric aims to deploy over 200,000 electric scooters by 2026, expand into Southeast Asia, and enhance battery-swapping technology. Discussions around a potential IPO are ongoing to fuel future growth and R&D initiatives.
Zypp recently closed new funding to expand fleet size, announced partnerships with major delivery giants, and advanced battery-swapping station deployments across key cities.
| Metric | Detail |
|---|---|
| Revenue FY24 | ₹165 Cr – Accelerated growth via fleet and partnerships. |
| Net Loss FY24 | ₹40 Cr – Continued investments in scale and tech. |
| EBITDA Margin | -25% – Significant improvement as operations scale. |
| Valuation | $300 million – Backed by strong strategic investors. |
| Employee Count | 500 – Expanded to support fast operational growth. |
Zypp Electric is rapidly shaping the future of sustainable last-mile delivery in India. With a strong focus on operational efficiency and technology, the company is positioned to become a leading EV logistics player in Asia. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Entrackr, Economic Times, Business Standard, company announcements.
Disclaimer: The information presented in this report is intended for general informational purposes only and does not constitute investment advice. All financial data is based on public sources and estimates where necessary.