Zypp Electric raises $15 million from Japanese firm ENEOS
ECONOMY & POLICY

Zypp Electric raises $15 million from Japanese firm ENEOS

Platform for EVs as services, Zypp Electric announced that Japanese company ENEOS had contributed $15 million to the company. As part of its continuing $50 million round, which consists of $40 million in equity and $10 million in debt, Series C fundraising includes a $15 million equity closing.

Akash Gupta, co-founder and CEO of Zypp Electric, stated that the new investment would assist Zypp in the last-mile delivery space by providing sustainable EV solutions. He expressed the company's eagerness to expand its fleet and enhance its tech platform, aiming for significant growth across India. Gupta mentioned that the funds would be allocated towards propelling the company towards the path of growth, including achieving earnings before interest, taxes, depreciation, and amortisation (EBITDA) profitability.

Additionally, Zypp Electric announced its entry into the three-wheeler cargo business. It stated its intention to soon surpass 1,000 electric L5 loaders in its EV fleet, emphasising its readiness to address a broader range of business requirements while maximising revenue streams, among other objectives.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Platform for EVs as services, Zypp Electric announced that Japanese company ENEOS had contributed $15 million to the company. As part of its continuing $50 million round, which consists of $40 million in equity and $10 million in debt, Series C fundraising includes a $15 million equity closing. Akash Gupta, co-founder and CEO of Zypp Electric, stated that the new investment would assist Zypp in the last-mile delivery space by providing sustainable EV solutions. He expressed the company's eagerness to expand its fleet and enhance its tech platform, aiming for significant growth across India. Gupta mentioned that the funds would be allocated towards propelling the company towards the path of growth, including achieving earnings before interest, taxes, depreciation, and amortisation (EBITDA) profitability. Additionally, Zypp Electric announced its entry into the three-wheeler cargo business. It stated its intention to soon surpass 1,000 electric L5 loaders in its EV fleet, emphasising its readiness to address a broader range of business requirements while maximising revenue streams, among other objectives.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?