Zypp Electric eyes $40-50M pre-IPO round to double valuation toward $660M ahead of 1-2 year listing
EV-as-a-service player Zypp Electric is raising $40-50M to nearly double its March 2025 valuation of $331M, riding quick-commerce delivery demand. FY25 revenue hit ₹448.6 crore against a ₹107.5 crore net loss. Round expected to close in 2-3 months; IPO targeted within 1-2 years.
EV logistics startup Zypp Electric plans a $40-50 million pre-IPO round to nearly double its $331 million valuation, fueled by quick commerce demand. FY25 revenue hit ₹448.6 crore; targets public listing within 1-2 years.
Why this matters
Zypp's valuation jump reflects investor appetite for EV-as-a-service tied to quick-commerce logistics, despite a ₹107.5 crore FY25 loss against ₹448.6 crore revenue.
Retail-company signals steady at 3378 over the past 90 days.
Also reported by
- Mint · Companies — Same time