The company said it is also working on a long-term goal of having women at least 50 percent of the total workforce. Akash Gupta, Co-Founder and CEO, Zypp Electric, said that electric vehicles will create a new opportunity for female driver partners to enter the delivery workforce as the e-scooters are easy to drive and have gearless controls with speed calibration that are easy to learn. Is.
Rashi Aggarwal, Co-Founder and Chief Business Officer, Zypp Electric, said in a statement, “As the number of women in the delivery fleet continues to grow, it is imperative that we provide them with new technology-equipped and comfortable-to-drive scooters that enable them to do their jobs. It will be easy. We are committed to provide equal opportunities to both men and women.”
Zypp Electric has announced to roll out one lakh electric vehicles in its fleet across the country next year. Currently, the company is offering its services in cities like Delhi-NCR, Bengaluru, Hyderabad, Mumbai and Pune. It provides delivery services to its customers from a wide range of companies including large e-commerce companies, e-kiranas, kirana stores, drugstores and restaurants. The startup, which was launched in Gurugram in 2017 has raised USD 7 million in a Series-A funding round in September this year.
Zypp Electric is the first delivery company in India to adopt fully electric vehicles for last mile delivery. The company said in a statement that it currently has 5,000 electric vehicles (EVs) in the Delhi-NCR region and plans to expand to one lakh EVs in the top 10 cities of India over the next 18 months.
Zypp said the company’s audited revenue stood at Rs 5 crore in the last financial year. At the end of the current financial year, the company’s total turnover is expected to reach Rs 25 crore, which will be five times more than the previous turnover.
The company expects the company to increase its profits three times faster after the launch of one lakh electric vehicles. Apart from this, the company will also appoint 400-500 employees. The company has reported that the number of its core team members has grown from 50 to 150 in four years.
Zypp Electric provides delivery services directly from the store to the homes of the customers. The company is also ensuring a carbon-emission-free environment by using only electric vehicles in its delivery fleet.