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.
What happened
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
Key facts
- $200 Mn IPO
- ₹1,890 Cr
- $40-50 Mn pre-IPO round
- FY28 listing target
- ₹8-10 Lakh monthly ad revenue
- ₹40 Lakh Fleekies FY26 revenue
- ₹10 Lakh franchise fee
- 50 franchise targets
- fleet doubled in 6-7 months
- revenue doubled in 12 months
Why this matters
Zypp's IPO trajectory locks in EV logistics as a strategic category for quick commerce partners and fleet acquirers—window to partner, invest, or pre-empt consolidation is the next 12-18 months before pre-IPO pricing hardens.
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