Zypp Electric Raises $35 Million to Scale Last-Mile EV Delivery Fleet to 50,000 Vehicles
Gurugram-based EV last-mile logistics startup Zypp Electric has raised $35 million in a round led by ENEOS Holdings with participation from existing investors, targeting a 50,000-vehicle fleet by FY27 across 25 Indian cities.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $35 M |
| Lead investor | ENEOS Holdings |
| Headquarters | Gurugram, India |
| Sector | Zypp Electric |
| Coverage | Startup Funding |
Zypp Electric has raised $35 million in a strategic round led by Japan's ENEOS Holdings with participation from existing investors Gogoro and IAN Group.
Use of Funds
Operating Footprint
Zypp powers last-mile delivery for Zomato, Swiggy, Blinkit, Amazon, Flipkart and Myntra, completing over 3 million monthly deliveries as of June 2026.
Why It Matters
Battery-swap and EV-as-a-service models are emerging as the dominant playbook for India's last-mile logistics, with regulators tightening emission norms in metros.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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