An investment of $25 million has been made in Zypp Electric, an Indian firm that provides an EV-as-a-service platform for e-commerce businesses and gig workers. The investment was led by Taiwan’s battery-swapping behemoth Gogoro.
The payment from Gogoro is a continuation of their strategic alliance and a symbol of their ongoing dedication to the Indian market. By December 2025, Zypp Electric plans to increase its fleet size from 10,000 to 200,000 motorcycles and expand into 30 Indian cities.
The firm from Gurugram wants to electrify last-mile delivery in South Asia. It provides ride-sharing firms, e-commerce, food, grocery, and pharmaceutical delivery companies like BigBasket, Flipkart, JioMart, Rapido, Swiggy, Tata 1mg, Zepto, and Zomato fleets of electric two-wheelers.
According to the firm, fleet customers also receive extra features, including dedicated backup rider support, a merchant panel, rider tracking, API connectivity, and multiple order support.
The firm also offers daily, weekly, or monthly subscriptions for e-bike rentals for gig delivery workers. According to co-founder and CEO Akash Gupta, gig workers can access Zypp’s app as part of the subscription in order to see what to deliver, where to deliver it, which bike to use, and how to charge, among other details to assist them in maximising their earnings.
According to Gupta, EV fleets currently account for the majority of Zypp Electric’s revenue, with the gig worker offering to account for only 20%. The business wants to see that number rise, so it has guaranteed gig workers utilizing its platform a 50% boost in net savings over what they were making with gas bikes.
Zypp Electric, an OEM-neutral company founded in 2017, works with regional EV producers like Hero and Kinetic to buy e-bikes, typically on lease.
