Zypp Electric, an EV logistics startup, is preparing for an initial public offering (IPO) to raise up to $200 million (around ₹1,890 crore) within the next 18 to 24 months, according to inc42.com. The company has appointed Axis Capital, SBI Capital Markets, and DAM Capital as managers for the proposed offering. Before the IPO, Zypp aims to secure a funding round of $40-50 million from private equity and impact-focused funds.
Co-founder and CEO Akash Gupta told inc42.com that Zypp is strengthening its governance, compliance, and financial reporting processes to ensure readiness for the public listing when market conditions are favorable. Gupta said the startup is operating with the discipline of a listed company, focusing on audits and governance. Zypp’s fleet size has doubled in the past six to seven months, and its net revenue has doubled over the last 12 months, driven by quick commerce growth and rising demand for electric mobility among gig workers.
Zypp’s IPO plans come as the company enters a new growth phase, having achieved EBITDA profitability in fiscal year 2025 and maintained it throughout fiscal year 2026, per inc42.com. The startup’s expansion reflects broader trends in electric vehicle adoption and logistics services, positioning it alongside other EV-focused firms targeting public markets. The involvement of major investment banks signals confidence in Zypp’s business model and growth trajectory.
The next major milestone for Zypp Electric will be the closing of its $40-50 million pre-IPO funding round, which will support its operational scaling and governance enhancements ahead of the planned public listing within two years, inc42.com reported.