April 26, 2023
1 min read

Zypp Electric, Zomato team up for EV deployment

The company said that the association is part of a larger plan of Zomato to go completely electric by 2030…reports Asian Lite News

Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024.

The company said that the association is part of a larger plan of Zomato to go completely electric by 2030.

“This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries,” said Mohit Sardana, COO, food delivery at Zomato.

Zypp Electric, which has raised $37.5 million to date, so far deployed over 13,000 electric vehicles on the roads.

“Food delivery is all on 2-wheelers and is mostly running on petrol and, at the same time, wanting to shift to EVs to save costs. By leveraging our EV fleet management technology and innovative partner solutions, we aim to create a more efficient, sustainable, and customer-centric delivery experience,” said Tushar Mehta, COO and Co-founder, Zypp Electric.

In February, the EV-as-a-service platform raised $25 million led by Gogoro, a global technology leader in the battery swapping ecosystem, in its series B funding.

With the new funds, Zypp aims to increase its fleet size from 10,000 to 200,000 electric vehicles and expand its footprint to 30 cities in India by 2025.

Zypp is currently serving Zomato, Swiggy, BigBasket, Amazon, Flipkart, Zepto, Blinkit, and many more with EV solutions as well as delivery partners.

ALSO READ: ‘Indian schools must embrace coding’

Previous Story

Adobe widens India footprint

Next Story

UAE aids multiple nationalities in Sudan evacuation

Latest from Business

India’s E&M Sector Enters a New Growth Phase

India’s cinema market is multilingual, and many regional industries are now rivalling Hindi output in volume and box-office share … writes Rafeek Ravuther The Indian film sector is undergoing a meaningful transformation.

SBI Simplifying KYC Process

SBI’s research arm noted that the RBI’s decision to maintain the policy rate reflects a balanced approach amid global uncertainties, supported by stable liquidity and external conditions State Bank of India (SBI)

UPI Powers Digital Revolution

New innovations such as LiteX (offline payments), tap-and-pay, credit card integration, UPI Autopay, and UPI for IPO subscriptions are pushing the platform from a payment tool to a full-fledged embedded finance ecosystem Unified

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India
Go toTop

Don't Miss

UAE@50: Night of Cultural Magnificence at India Pavilion

The year 2021 has been an important milestone as India

279 candidates file nominations for phase 1 of J&K polls

The nomination papers will be scrutinised by the respective Returning