Zypp Electric aims to capture 25% of the electric two-wheeler fleet market in the next five years by deploying 500,000 EVs, according to Co-founder & CEO Akash Gupta.
The company has already deployed 22,000 electric two-wheelers and plans to increase this to 50,000 by FY25 and 1.25 lakh by FY26. To support this growth, Zypp Electric is expanding into Tier II cities, beyond its current operations in Delhi, Bengaluru, and Mumbai. The company’s rental-based model helps delivery executives overcome financial barriers, promoting a shift from petrol to electric vehicles.