 "Akash Gupta Cofounder and CEO, Zypp Electric")
Gurugram-based EV-as-a-service startup Zypp Electric is preparing for a major scale-up as it targets an initial public offering (IPO) amidst its nationwide expansion, founder and CEO Akash Gupta said in an interaction on Monday.
The company, which currently operates 20,000 electric two-wheelers across Delhi-NCR, Bengaluru, and Mumbai, plans to expand its fleet five-fold to 100,000 vehicles over the next two to three years.
The company aims to enter 25 cities and capture 10-12 per cent of all last-mile deliveries in these markets. Zypp already holds 12-13 per cent market share in Delhi, 6-7 per cent in Bengaluru, and around 4
