Sources: 1
Zypp, a leading electric fleet operator, is on track to achieve Ebitda profitability within the next two quarters, following a significant 50% revenue surge to Rs 455 crore in FY25.
The company manages a robust fleet of
45,000 shared electric vehicles, primarily deployed for intra-city and hyperlocal deliveries, which has been a key factor in its growth.
Demand from quick commerce platforms has been a major driver, contributing to Zypp's profitability and the broader expansion of electric two-wheelers in the market. According to industry data, quick commerce accounted for nearly one-third of the growth in electric two-wheelers, highlighting the sector's influence.
"The company became Ebitda profitable in November 2024, driven largely by demand from quick commerce platforms," a company source noted.
This growth trajectory underscores Zypp's strategic positioning in the evolving electric mobility landscape, leveraging the surge in hyperlocal delivery needs and sustainable transport solutions.
As the electric vehicle market expands, Zypp's focus on shared EVs and quick commerce partnerships positions it well for sustained profitability and market leadership.
Key stats:- 50% revenue growth to Rs 455 crore in FY25
- Fleet size of 45,000 shared EVs
- Ebitda profitability expected within two quarters
- Quick commerce drives nearly one-third of electric two-wheeler growth
Sources: 1
Zypp, an electric fleet operator with 45,000 shared EVs, saw a 50% revenue increase to Rs 455 crore in FY25 and aims to achieve Ebitda profitability within two quarters, driven by strong demand from quick commerce platforms fueling electric two-wheeler growth.
