Zypp Electric lines up $200 Mn IPO for FY28, taps Axis, SBI Caps, DAM Capital
EV logistics player Zypp Electric is targeting a $200 Mn listing by FY28, with a $40-50 Mn pre-IPO round on deck. Fleet has doubled in 6-7 months on quick commerce demand, and the company turned EBITDA positive in FY25 on ₹1,890 Cr revenue.
EV logistics startup Zypp Electric plans a $200 Mn IPO by FY28, appointing Axis, SBI Caps and DAM Capital. It will first raise $40-50 Mn pre-IPO, having turned EBITDA profitable in FY25 on quick commerce-driven fleet growth.
Why this matters
Builds on Zypp's pre-IPO push: the $40-50 Mn round aims to double valuation to $660 Mn, and now bankers are locked in for a $200 Mn FY28 listing backed by EBITDA breakeven.
Retail-company signals steady at 3,446 in the last 90 days, with EV logistics IPO prep emerging as a sub-trend.
Also reported by
- Inc42 · Buzz — Same time