Zypp Electric, India’s leading tech-enabled EV rental platform, has announced the successful deployment of 500 electric vehicles under its newly launched Franchise Owned Company Operated (FOCO) model. The deployment, valued at approximately ₹2.5 crore, marks a significant milestone since the model’s rollout in July 2025.
The FOCO model enables individuals, high-net-worth investors, family offices, and institutions to participate in India’s green mobility shift by owning Zypp-approved scooters. These vehicles are deployed with enterprise clients including Zomato, Zepto, Swiggy, BBNow, Rapido, Amazon, and Blinkit.
Investment begins at ₹4.5 lakh for a fleet of 10 scooters, with opportunities to scale to 100 or more. According to Zypp, investors can expect assured returns of 59%–100% over 36 months, with monthly payouts. The model ensures complete asset ownership, insurance, IoT tracking, rider allocation, and operational management by Zypp, while vehicles remain registered in the investor’s name, offering asset-backed security.
Akash Gupta, Co-Founder and CEO of Zypp Electric, highlighted the company’s growth ambitions:
“Zypp has deployed more than 20,000 EVs, but we are now targeting 200,000 EVs in the next three years. With this franchise model, we aim to provide strong ROI opportunities while enabling individuals and institutions to play an active role in India’s EV revolution. Every scooter deployed replaces a petrol two-wheeler, reducing emissions and driving us closer to our vision of zero-emission cities.”
The company plans to expand its footprint in Jaipur, Chandigarh, Hyderabad, Pune, Lucknow, Surat, Chennai, Kolkata, and other cities.
Backed by more than ₹400 crore in funding from international investors such as ENEOS (Japan) and Gogoro (Taiwan), alongside Indian funds like IAN Fund and Venture Catalysts, Zypp has already onboarded over 2 lakh gig workers through its EV ecosystem. Riders earn an average of ₹30,000–₹35,000 per month, with some incomes reaching up to ₹1 lakh.
Zypp said the FOCO initiative not only strengthens its business model but also sets a new benchmark for EV-based investments in India by offering risk protection, steady returns, and measurable sustainability impact.
