Electric vehicle-as-a-service startup Zypp Electric planned a $30 million expansion

Bullish on the growth potential of escooters, electric vehicle-as-a-service startup Zypp Electric planned a $30 million expansion.

The B2B delivery and shared mobility electric vehicle (EV) startup based in Delhi NCR plans to launch in Bengaluru this month. In the coming months, it intends to expand further in Mumbai, Pune, and Hyderabad. As part of its expansion strategy, Zypp Electric aims to have a fleet of 1.5 lakh scooters spread across 18 Tier-1 cities by 2025. It delivers escooters to over 50 brands, including ecommerce and food and grocery players like Zomato, Swiggy, BigBasket, Amazon, Flipkart, Myntra, PharmEasy, Delhivery, and Spencers, among others.