logo
logo

Zypp Electric eyes $40 million in Series C funding led by Tribe Capital to expand business into newer cities and build new technology.

Apr 12, 2024•over 1 year ago

Amount Raised

$40 Million

Round Type

series c

GurugramLogisticsAutomotiveTransportationE Commerce

Investors

Tribe Capital

Description

Zypp Electric, a startup that manages electric vehicle fleets for delivery firms and bike taxi operators, is in talks to raise a fresh round of funding of $40 million. The funding is primarily expected towards expanding the business into newer cities and building new technology.

Company Information

Company

Zypp Electric

Location

Gurugram, Haryana, India

About

Zypp Electric is India’s Leading Tech-Enabled EV-as-a-Service platform, founded in 2017 with a Mission Zero-Emission and to make India carbon-free by using an ecosystem of Electric Vehicles and EV-based technology to make last-mile logistics sustainable and emission-free.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People