The last-mile delivery and logistics fleet services provider aims to expand its fleet size to 100,000 EVs by end-CY26.
13 Dec 2023 | 9228 Views | By Mayank Dhingra
Last-mile delivery and logistics fleet services provider Zypp Electric, which has been a key partner of Taiwan's Gogoro that commenced its India pilot by deploying 90 electric scooters in the Zypp Electric fleet in Delhi-NCR in April 2023, aims to incorporate 500-1,000 Gogoro electric scooters in its fleet.
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Last-mile delivery and logistics fleet services provider Zypp Electric, which has been a key partner of Taiwan's Gogoro that commenced its India pilot by deploying 90 electric scooters in the Zypp Electric fleet in Delhi-NCR in April 2023, aims to incorporate 500-1,000 Gogoro electric scooters in its fleet.
The EV-as-a-Service startup which presently has a combined fleet size of around 17,500 electric scooters deployed in the national capital region, as well as Bengaluru and Mumbai, aims to significantly expand its fleet size to almost 100,000 e-two-wheelers by end-CY26, as it also plans to venture into more cities.
Speaking with Autocar Professional on the sidelines of the launch of the Gogoro CrossOver electric scooter in New Delhi on December 12, Aakash Gupta, Co-Founder and CEO, Zypp Electric, said, “We plan to incorporate around 500-1,000 Gogoro scooters in our fleet over the next few months. Our aim is to expand from a current fleet size of around 17,500 e-scooters to nearly 100,000 electric scooters in the next 18-24 months.”
While the company presently sees Hero Electric e-scooters forming a predominant chunk of its zero-emission fleet, it says, it is considering various vendors, including latest entrant Gogoro, which offers a unique battery swapping model that minimises vehicle downtime while charging.
The Gogoro CrossOver GX250 comes with a 2.5kW direct-drive motor that enables up to 60kph top speed and a range of 111km on a pair of 1.7kWh each fully-charged battery packs that can be swapped within six seconds, as claimed by the Taiwanese EV maker.
According to Gupta, Zypp Electric has sufficient capital by virtue of equity and debt to expand its business, and incorporate more EVs into its fleet, of which, only 20 percent is owned by the company, with the remaining major chunk having been leased.
The Delhi-based EV-as-a-Service startup is optimistic of breaking even next year, and aims for an IPO in the next 4-5 years.