Zypp Electric Secures ₹55.4 Crore in Ongoing Series C Funding Round

January 15, 2025

, By Team SNFYI

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class=”startupBtn” href=”https://startupstorymedia.com/tag/funding-alert”> Funding Alert

By StartupStory | January 15, 2025

Gurugram-based tech-enabled electric vehicle (EV) as-a-service platform Zypp Electric has raised ₹55.4 crore ($6.5 million) from 16 investors, as part of its ongoing Series C funding round.

According to the company’s Registrar of Companies (ROC) filings, Zypp Electric issued 564 Series C2 compulsory convertible preference shares (CCPS) at a premium of ₹9,82,995.38 each, following a special resolution passed by the company.

This latest funding is expected to value the company at approximately $335-350 million, marking another milestone in its growth trajectory. The development was first reported by Entrackr.

The funding round has seen participation from 16 individual investors, including Kapil Kriplani, Narinder Bajaj, Neeraj Goel, and Samir Goenka. The round reflects continued investor confidence in Zypp Electric’s business model and market potential.

In May 2024, Zypp Electric kickstarted its Series C funding round, raising $15 million in a tranche led by Japanese energy giant ENEOS. Existing investors such as 9Unicorns, IAN Fund, Venture Catalysts, WFC, and others also participated in this earlier phase.

Founded in 2017, Zypp Electric provides EV-as-a-service solutions to several major partners, including bigbasket.com, Zepto, Flipkart, Myntra, Zomato, Swiggy, Blinkit, Uber, Porter, Rapido, Tata 1mg, Delhivery, and Blue Dart.

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Zypp Electric Secures ₹55.4 Crore in Ongoing Series C Funding Round

January 15, 2025

, Published By Team SNFYI

class=”startupBtn” href=”https://startupstorymedia.com/tag/funding-alert”> Funding Alert

By StartupStory | January 15, 2025

Gurugram-based tech-enabled electric vehicle (EV) as-a-service platform Zypp Electric has raised ₹55.4 crore ($6.5 million) from 16 investors, as part of its ongoing Series C funding round.

According to the company’s Registrar of Companies (ROC) filings, Zypp Electric issued 564 Series C2 compulsory convertible preference shares (CCPS) at a premium of ₹9,82,995.38 each, following a special resolution passed by the company.

This latest funding is expected to value the company at approximately $335-350 million, marking another milestone in its growth trajectory. The development was first reported by Entrackr.

The funding round has seen participation from 16 individual investors, including Kapil Kriplani, Narinder Bajaj, Neeraj Goel, and Samir Goenka. The round reflects continued investor confidence in Zypp Electric’s business model and market potential.

In May 2024, Zypp Electric kickstarted its Series C funding round, raising $15 million in a tranche led by Japanese energy giant ENEOS. Existing investors such as 9Unicorns, IAN Fund, Venture Catalysts, WFC, and others also participated in this earlier phase.

Founded in 2017, Zypp Electric provides EV-as-a-service solutions to several major partners, including bigbasket.com, Zepto, Flipkart, Myntra, Zomato, Swiggy, Blinkit, Uber, Porter, Rapido, Tata 1mg, Delhivery, and Blue Dart.

Follow Startup Story

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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