Gurugram : Zypp Electric, India’s leading EV Tech platform, has announced remarkable growth and diversification across its business operations, underscoring its commitment to sustainable mobility and nationwide expansion. With a focus on profitability, scalability, and innovation, the company is on track to achieve ₹600 crore in revenue by FY26 and is gearing up for a potential IPO within the next two years.
In FY25, Zypp Electric achieved revenue of ₹448 crore, marking a robust 48% year-on-year growth from ₹302.6 crore in FY24. The company also achieved operational profitability in July 2025, with EBITDA margins improving from -19.3% in FY24 to +2% by September 2025. Over the past three years, Zypp has scaled its electric vehicle fleet from approximately 6,000 in 2022 to more than 20,000 today, with an ambitious goal of expanding to over 100,000 vehicles across 25 cities by 2030.
Commenting on the company’s growth and vision, Akash Gupta, Co-Founder & CEO, Zypp Electric, said, “Zypp Electric’s next phase is about super scale, profitability, and smart diversification with new revenue streams. By leveraging our core technology through FleetEase.ai and exploring new monetisation avenues, such as Zypp fleet advertising. At the core, we are building a robust EV Tech ecosystem that empowers delivery partners with e-scooters on daily/weekly rental plans and thereby accelerate India’s transition to electric mobility, especially with last-mile delivery. From leadership in Delhi NCR, Bengaluru & Mumbai, now our focus is also on Tier-II cities to ensure that this transformation reaches every corner of the country.”
Zypp Electric continues to strengthen its business model through multiple revenue streams, combining EV rentals, logistics partnerships, advertising, and SaaS-based solutions. The company’s dual revenue model, driven by daily rentals and delivery commissions with leading brands such as Zepto, Blinkit, and Zomato, remains its core engine of growth. The recently launched advertising vertical, partnering brands like PayTm, Swiggy, Rapido, Leverage Edu, which monetizes Zypp’s fleet and helmets as mobile ad spaces, has already generated ₹50 lacs since July’25. In addition, Zypp’s proprietary fleet management software, FleetEase.ai, has been introduced as a SaaS platform for third-party operators under a subscription model starting at ₹149-₹499/vehicle per month, contributing an estimated ₹60 lakh in FY26. This enables small fleet operators to get full fleet intelligence on a realtime basis powered by AI insights.
The company has also optimised its operational efficiency through a hybrid fleet model 50% leased and 50% bank-financed, allowing improved capital utilisation and vehicle uptime of nearly 90%, supported by its growing network of battery-swapping stations. Beyond its Tier-I presence, Zypp is rapidly expanding into Tier-II markets such as Jaipur, where operations are being launched in Nov’25. Zypp has a roadmap of launching 25 cities over the next 2 years. The company’s vehicle portfolio is also diversifying to include three-wheelers, with over 1000 expected to be operational by March 2026, further strengthening its position in the last-mile delivery and logistics ecosystem.
With a clear roadmap for profitability, scalability, and nationwide impact, Zypp Electric is building a full-stack ecosystem for electric mobility that seamlessly integrates rentals, logistics, technology, and advertising. The company’s strategic growth trajectory positions it to become one of India’s most comprehensive and sustainable EV logistics players, driving forward the nation’s transition toward a cleaner, smarter, and more efficient delivery infrastructure.
