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.

— Source publishedSun, 21 Jun, 2026, 18:38 IST·First seen Sun, 21 Jun, 2026, 18:43 IST·Source Mint

What happened

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

Key facts

  • $40-50 million pre-IPO round
  • $331 million valuation March 2025
  • $76.5 million raised to date
  • Revenue ₹448.6 crore FY25
  • Net loss ₹107.5 crore FY25
  • 500 electric scooters FOCO

Why this matters

Zypp's capital raise and IPO clock create a narrow window for last-mile EV partnerships, fleet supply deals, or strategic stakes before public-market disclosure constrains flexibility.

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