India’s leading EV-as-a-Service startup, Zypp Electric, has rolled out its franchise investment model. With this, the company is inviting investors, entrepreneurs, and EV enthusiasts to own a fleet of electric scooters.
A base investment of ₹45 lakhs secures ownership of 100 Zypp EVs, with a promise of up to 100% return within 3 years. Moreover, smaller slabs are also available—10 scooters for ₹4.5 lakhs and 20 for ₹9 lakhs—making it easier for first-time investors.
Meet the Founders & Their Big Vision
Zypp Electric was started back in 2017 by Husband-Wife duo Akash Gupta and Rashi Agarwal, later joined by Tushar Mehta — right from Gurugram. What began as a small idea to fight pollution is now India’s leading EV rental brand for last-mile delivery.
So far, Zypp has raised over significan funding across multiple rounds. In its ongoing series C , it secured $6.5M from from 16 investors. While, in May 2024, they got another $15 million funding from Japan’s ENEOS to expand operations.
Their next goal? Grow the fleet from 20,000 to 2 lakh EVs by 2026, and build a business that’s not just green but also profitable.
Fully Managed, Zero Ops for Investors
The best part? Investors don’t have to handle day-to-day operations. Zypp takes care of everything—maintenance, rider onboarding, rentals, and fleet logistics.
These scooters are then rented out to delivery partners in quick commerce and food delivery. Gig workers benefit too—they can save up to ₹5,000 every month by switching from petrol bikes. As a result, investors get to join India’s booming EV and delivery economy—without running a kitchen or managing a dark store.
Proven Track Record and Expansion Plan
Zypp already operates 20,000 EVs across five major cities. With 8 years of experience, the brand now leads India’s electric vehicle rental segment.
The company promises clean and profitable logistics through EVs. Its franchise model aims to offer recurring passive income with zero daily effort from investors. It’s a hands-free way to earn while supporting a green future.
Who Can Join?
From HNIs to salaried professionals—anyone who believes in the EV future can invest. Zypp is positioning this as a smart way to join India’s clean mobility movement while building long-term wealth.
A Look at the Financials
Zypp’s revenue is growing fast. AS of latest available financials, it crossed Rs 290 crore of revenue in FY24. While n FY23, the company earned ₹41.3 crore, up from ₹17.6 crore in FY22.
Losses widened to ₹41 crore, mostly due to expansion. But with strong backing from global names like ENEOS and Gogoro, the company is now aiming for profitability. Its next target: scale to 2 lakh EVs by 2026 and ride the rising wave of India’s gig economy.
For franchisee inquiry, click here.
