Zypp Electric, India’s leading EV tech and last-mile delivery platform, has reported strong growth across its operations, backed by rising demand for electric mobility solutions and an expanding national footprint. The company is targeting ₹600 crore in revenue by FY26 and is preparing for a potential IPO within the next two years, signalling its ambitions for large-scale expansion and financial stability.
In FY25, Zypp Electric posted ₹448 crore in revenue, a 48% year-on-year jump compared to ₹302.6 crore in FY24. The company also entered the operationally profitable zone, with EBITDA margins improving from -19.3% in FY24 to +2% by September 2025. Its fleet has grown sharply over the past three years—from around 6,000 EVs in 2022 to more than 20,000 today, with a long-term target of scaling beyond 100,000 vehicles across 25 cities by 2030.
“We are now focused on super scale, profitability and smart diversification,” said Akash Gupta, Co-Founder and CEO, Zypp Electric. “With FleetEase.ai, new monetisation avenues like fleet advertising, and our EV ecosystem empowering delivery partners through flexible rental plans, we aim to accelerate India’s shift to electric mobility—reaching not just metros but Tier-II cities as well.”
The company continues to strengthen its multi-revenue model, combining EV rentals, logistics partnerships, fleet advertising, and SaaS-based solutions. Zypp’s dual engine—daily rentals and delivery commissions from partners such as Zepto, Blinkit, and Zomato—remains central to its earnings.
Zypp’s recently launched advertising division, which monetises its fleet and rider helmets as mobile ad inventory, has already generated ₹50 lakh since July 2025, with brands like PayTm, Swiggy, Rapido and Leverage Edu joining in. Meanwhile, its proprietary fleet management software, FleetEase.ai, now offered to third-party operators at ₹149–₹499 per vehicle per month, is projected to add ₹60 lakh in FY26, providing AI-driven, real-time fleet analytics to small operators.
Operational efficiencies have sharpened with Zypp’s 50:50 hybrid fleet model, comprising leased and bank-financed vehicles, ensuring better capital utilisation and nearly 90% vehicle uptime. The company continues to scale its battery-swapping network to support its increasing fleet.
Beyond strongholds such as Delhi-NCR, Bengaluru and Mumbai, Zypp is expanding aggressively into Tier-II markets, beginning with Jaipur in November 2025. The roadmap includes launching operations in 25 cities over the next two years. Zypp is also diversifying its vehicle portfolio, with over 1,000 electric three-wheelers expected to be operational by March 2026, further boosting its last-mile logistics capability.
With clear targets for profitability, city-wise expansion, and technology-driven efficiencies, Zypp Electric is positioning itself as one of India’s most comprehensive and sustainable EV logistics companies—advancing the transition toward a cleaner, smarter and more efficient national delivery ecosystem.
