Zypp Electric Trims 10% Workforce Over ‘Performance’ Issues

Zypp Electric CEO Akash Gupta told Inc42 that the retrenchments were part of a “rationalisation” exercise aimed at driving efficiency, sustainable growth and profitability

Gupta also said that the company has downsized its workforce to 1,180 from 1,300 employees in January this year

Earlier, Zypp cofounder and CBO Rashi Agarwal told Inc42 that the startup will clock INR 1,000 Cr revenue in FY25 and achieve EBITDA profitability

IPO-bound electric mobility startup Zypp Electric has laid off nearly 10% of its…