Zypp Electric Achieves 50% Revenue Surge to ₹455 Cr in FY'25, Eyes Profitability with Tech-Led Growth

In a landmark year for India's last-mile EV delivery ecosystem, Zypp Electric has reported a robust 50% surge in revenue, rising from ₹302 crore in FY'24 to ~₹455 crore in FY'25. The EV-as-a-service pioneer not only expanded its operations but also crossed the significant milestone of 100 million green deliveries, while sharply improving operational efficiency to set a clear path towards EBITDA profitability within the next two quarters.

Zypp Electric’s growth story in FY'25 was powered by a strategic pivot towards sustainable logistics, fleet optimization, and tech innovation. Quick commerce accounted for 47% of deliveries (up from 30% in FY'24), showcasing Zypp's crucial role in transforming India's urban mobility. The company’s fleet now boasts over 22,000 electric vehicles operating across Delhi-NCR, Bangalore, and Mumbai, with the Mumbai fleet alone scaling to 2,400 vehicles within its first operational year.

In a strong push for sustainability, Zypp Electric helped prevent 45 million kilograms of carbon emissions during the fiscal, a testament to its impactful role in India’s green mobility revolution. Over 1.2 lakh gig delivery partners are now leveraging Zypp’s daily rental EV ecosystem, which bundles maintenance, battery swapping, and technical support to make EV adoption seamless and cost-effective.

Key Achievements in FY’25:

• Revenue grew 50% YoY to ~₹455 crore.
• 100 million+ cumulative deliveries completed.
• Delhi-NCR operations expanded by 16% to over 12,000 EVs.
• Bangalore operations grew by 31% to 5,000+ EVs.
• Launched Mumbai operations, reaching 2,400 active vehicles.
• Crossed 900 three-wheeler EVs in the driver rentals category.
• Prevented 45 million kg of CO₂ emissions.

Technology-First Approach and New Revenue Avenues:

Zypp Electric aggressively streamlined its SOPs, enhanced its tech stack, and launched a proprietary SaaS platform for fleet acquisition, management, and P&L tracking. These advancements reduced downtime, maximized fleet utilization, and significantly improved the gig partner experience. The launch of Zypp Advertising Services opened new monetization channels, enabling brands to advertise on EVs and driver accessories, expanding Zypp's revenue streams.

Strategic Ecosystem Collaborations:
Zypp deepened partnerships with EV manufacturers, battery-swapping companies, and fintech leasing firms to secure a steady EV supply and support fleet uptime through a robust charging-swapping infrastructure. These alliances set the foundation for an even larger expansion plan for FY'26.

CEO Speak:
"FY25 has been a landmark year for Zypp Electric," said Akash Gupta, Co-Founder & CEO. "Our focus was to strengthen tech, operations, and partnerships rather than pure topline growth. With our interventions, we now have a clear visibility towards achieving EBITDA breakeven over the next 1-2 quarters. We're riding the EV and quick commerce tailwind, expanding our footprint while keeping an eye firmly on profitability."

Training for the Future:
To support the growing EV ecosystem, Zypp launched pilot training programs for EV mechanics and technicians, strengthening the base for a self-sufficient sustainable mobility industry in India.