Electric Two-Wheeler Startup Zypp Raises Rs 15 Crore

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  • The company plans to include around 20,000 e-scooters in its fleet by the end of 2020
  • It also aims to expand to South East Asia and Europe in the future

Electric two-wheeler startup, Zypp (previously known as Mobycy) has raised Rs 15 crore in pre-series A funding from the Indian Angel Network (IAN) to expand its fleet of two wheelers to over 5000 e-scooters.

Zypp aims to expand its operations to five Indian cities along with Delhi-NCR. It also plans to include around 20,000 e-scooters in its fleet by the end of 2020. The company aims to expand to areas like South East Asia and Europe in the future.

Eco-friendly and affordable mobility

Zypp, cofounder and CEO, Akash Gupta, in a press release, said, “Our mission is to offer the new-age working professionals with affordable, convenient, and eco-friendly connected and shared two-wheeler mobility solutions solving urban commute. This is a first-of-its-kind fully electric venture in India.”

Gurugram- based Zypp was founded in 2017 by Akash Gupta, Shivraj Singh and Rashi Agarwal. It provides e-scooters by using internet of things (IoT) services. The users can unlock the scooter by scanning a QR code through its mobile application.

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