Zypp Electric, India’s leading EV-as-a-Service startup, has achieved another milestone by launching its innovative advertising vertical, Zypp Ads, which crossed ₹50 lakh in revenue in just three months. Founded in Gurugram by Akash Gupta and Rashi Agarwal (and later joined by Tushar Mehta), Zypp continues to expand its green mobility vision from last-mile delivery into tech-enabled media solutions.
Zypp Ads: Electric Scooters Turn Mobile Billboards
The new Zypp Ads initiative turns Zypp’s ever-present green scooters and helmets into high-impact advertising platforms for brands. With thousands of EVs already visible on Indian streets, the team saw an opportunity to monetize this visibility by offering brands the chance to place ads directly on scooters and rider helmets. Popular companies including Rapido, Paytm, Leverage, and Swiggy have already signed up, leveraging Zypp’s extensive fleet for mobile-led generation and brand campaigns.
The service promises tremendous visibility: scooters and helmets generate about 250 million impressions per month across high-traffic urban routes, providing a low-cost, viral channel for advertisers compared to static hoardings and costly media buys. Brands can now showcase their messaging in motion, targeting audiences on ground level with scalable reach and effective lead generation.
Check out founder’s post on linkedin:
Franchise-Driven Growth and Strategic Expansion
Just two months prior, Zypp Electric rolled out a franchise investment model, inviting investors and entrepreneurs to own a fleet of electric scooters and participate directly in the EV boom. With investments available at ₹4.5 lakhs for 10 scooters to ₹45 lakhs for 100, Zypp promises up to 100% return within three years, making it not only an environment-friendly business but also attractive for returns.
The FOCO (Franchise Owned Company Operated) model ensures scooters are registered in the investor’s name, offering asset security and passive income. Zypp handles operational management, rider allocation, insurance, IoT tracking, and maintenance, while investors benefit from monthly payouts and long-term enterprise contracts. The model now powers 500 scooters deployed with blue-chip clients like Zomato, Zepto, Swiggy, Blinkit, BBNow, Amazon, and Rapido.
Financial Performance and Funding
For FY25, Zypp Electric reported revenue of ₹455 crore, a robust 50% jump from ₹302 crore in FY24. Quick commerce has become central to growth, now accounting for 47% of deliveries, up from 30% a year ago. More than 120,000 gig partners use Zypp’s rental platform, and the company boasts an active fleet of over 22,000 EVs across Delhi-NCR, Bengaluru, and Mumbai. Its three-wheeler business has also scaled to 900 vehicles.
Zypp cut its workforce by 10% last year as part of its profitability drive and now expects to reach EBITDA breakeven within two quarters—well ahead of a possible IPO within two years. Recent fundraising highlights include $15 million from Japan’s ENEOS Energy, with the company’s valuation pegged near $280–290 million as of May 2024. Further talks are in progress to raise $25–30 million led by Nuvama Wealth and Tribe Capital.
A Vision for Green and Profitable Mobility
The founders’ vision is to ramp the fleet to 2 lakh EVs by 2026 while making Zypp a sustainability-first, tech-oriented, and profitable venture. Alongside expanding operations in new cities like Jaipur, Chandigarh, Hyderabad, Pune, Lucknow, Surat, Chennai, and Kolkata, Zypp continues building deeper partnerships with EV OEMs, battery-swapping businesses, and fintech firms.
In essence, Zypp Electric’s rapid growth in new revenue streams like mobile advertising—as well as its franchise and gig economy focus—demonstrate how Indian startups are combining sustainability, technology, and innovative business models to power the future of last-mile mobility. With strong financials, operational discipline, and a clear expansion roadmap, Zypp is firmly positioned as one of India’s top electric fleet and urban media brands going into 2026.
