India’s D2C ecosystem continues to evolve beyond traditional consumer brands, with technology-led startups building large-scale infrastructure businesses that power the country’s digital economy. In one of the most notable developments in recent D2C news India and D2C IPO news, EV logistics platform Zypp Electric is preparing for its next growth phase as it targets a public market debut within the next 18–24 months.
The company is reportedly planning to raise up to $200 million (approximately ₹1,890 crore) through an initial public offering, positioning itself among the latest D2C startups and technology-driven businesses exploring public markets. Ahead of the proposed listing, Zypp Electric is also looking to raise an additional $40–50 million from private equity investors and impact-focused funds, highlighting continued investor confidence in India’s rapidly expanding electric mobility ecosystem.
Founded in 2017 by Akash Gupta and Tushar Mehta, Zypp Electric has emerged as one of India’s leading EV-based mobility and logistics platforms. The company provides electric mobility solutions for delivery partners serving ecommerce, food delivery, quick commerce, and hyperlocal logistics networks. As quick commerce D2C and last-mile delivery continue to expand across the country, demand for sustainable and cost-efficient transportation solutions has increased significantly, creating substantial opportunities for businesses like Zypp Electric.
The company’s growth momentum has been particularly strong over the last year. According to its leadership, Zypp Electric has doubled its fleet size over the past six to seven months while also doubling its net revenue during the last twelve months. This rapid scale-up reflects broader D2C market trends 2025, where technology-enabled infrastructure businesses are benefiting from rising consumer demand, faster delivery expectations, and the continued expansion of ecommerce across India.
One of the most encouraging milestones in Zypp Electric’s journey is its profitability progress. The company reported achieving EBITDA profitability in FY25 and maintaining EBITDA profitability throughout FY26. As investors increasingly prioritize sustainable business models, profitability and operational efficiency have become key indicators of long-term success across VC-backed D2C brands and emerging growth companies.
Beyond its core electric vehicle leasing operations, Zypp Electric has steadily expanded its business model to create multiple revenue streams. The company now operates battery-swapping infrastructure, vehicle servicing capabilities, maintenance solutions, and technology platforms designed to support fleet operations at scale. This diversification strengthens the company’s long-term growth prospects while enhancing its position within India’s evolving mobility ecosystem.
Zypp Electric has also developed Fleekies.ai, a fleet management software platform that already serves multiple paying customers. Alongside this, the company’s advertising business generates recurring revenue through branding opportunities across scooters, helmets, and electric vehicles operating within its network. These initiatives demonstrate the company’s focus on D2C supply chain innovation, operational efficiency, and scalable business expansion.
Looking ahead, Zypp Electric is accelerating its D2C expansion plans through a newly launched franchise-led model aimed at penetrating Tier II and Tier III markets. The company reportedly aims to onboard around 50 franchise partners over the next six months, helping expand access to electric mobility infrastructure beyond major metropolitan areas. Delhi NCR and Bengaluru currently remain its largest markets, followed by Hyderabad, Mumbai, Pune, and Jaipur.
As India’s D2C industry news increasingly focuses on sustainability, electric mobility, and technology-led infrastructure, Zypp Electric represents a compelling example of how innovative businesses are solving real-world challenges while building scalable growth engines. With profitability achieved, fleet expansion accelerating, new revenue streams emerging, investor interest strengthening, and IPO preparations underway, Zypp Electric appears well-positioned to play a leading role in India’s future mobility landscape while entering an exciting new chapter of growth.
