Tech Company Financing Transactions
Zypp Electric Funding Round
On 2/8/2023, Zypp Electric received $25 million in Series B funding from Gogoro, 9Unicorns Accelerator Fund and Goodyear.
Transaction Overview
Company Name
Announced On
2/8/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Proceeds Purpose
Zypp Electric will use the funds to expand its fleet from 10,000 to 200,000 bikes and widen its footprint to 30 Indian cities by December 2025.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
7th Floor, Delta Tower-54 Institutional Area, Sector 44
Gurugram, Haryana, 122003
IN
Gurugram, Haryana, 122003
IN
Phone
Undisclosed
Website
Email Address
Overview
Zypp Electric India's Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV based technology to make last mile logistics sustainable and emission free. Zypp Electric's business model is to make carbon-free last-mile delivery for local merchants to e-commerce giants to delivery executives and thereby reduce delivery cost and pollution on an asset light model.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Akash Gupta
Co-Founder
Rashi Agarwal
Co-Founder
Tushar Mehta
Browse more venture capital transactions:
Prev: 2/8/2023: Evonetix venture capital transaction
Next: 2/8/2023: Snapser venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to report on tech company VC transactions. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs