With Zepto, Blinkit, and Instamart sprinting to win the doorstep-delivery race, EV startups are emerging as the real winners. And as escooters become the new last-mile delivery workhorses, Zypp Electric is benefiting like no other.

With just 6,000 EVs in 2022, the startup has now grown to a fleet of more than 20,000 vehicles. To grow faster, it has set a roadmap to ply 1 Lakh vehicles in the next two to three years, besides expanding its footprint to 15 cities from the current five.

According to Zypp cofounder and CEO Akash Gupta, the path towards its goal is simple — follow the road where quick commerce deliveries go.

And with quick commerce now making waves beyond tier I cities and towns of India, the EV rental platform is focussed on expanding its presence to tier II areas, starting with Jaipur.

However, this is not Zypp’s first stab at such a bet.

In 2022, the startup aimed to have a fleet of 1.5 Lakh scooters across 18 cities by 2025. While it has fallen way short of its targets, Zypp’s current state tells a different story — one of diversifying revenue streams and improved unit economics.

After nearly eight years on the road, the Delhi NCR-based startup claimed it had finally achieved operational profitability in July. Its EBITDA margin improved in FY25 to -13.2% from -19.3% in FY24. It stood at around 2% for September 2025.

Its top-line growth remained steady last year. In FY25, Zypp’s revenue jumped 48.2% year-on-year (YoY) to INR 448 Cr. In FY24, it stood at INR 302.6 Cr, which........

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