Zypp Electric’s parent company, Bycyshare Technologies, reduced its consolidated net loss by 44.4% to ₹59.7 crore in fiscal year 2025-26 (FY26), according to regulatory filings with the Ministry of Corporate Affairs. The EV logistics startup also reported a 5.2% increase in operating revenue to ₹461 crore in FY26, up from ₹438.1 crore the previous year, with total revenue including other income reaching ₹475.6 crore.
Founded in 2017 by Akash Gupta and Rashi Agarwal, Zypp Electric offers electric vehicle-based mobility solutions primarily for gig workers. The company generates most of its revenue through last-mile delivery services and EV rentals. The delivery segment, which charges clients on a per-delivery basis and shares a portion with riders, contributed ₹322.4 crore in FY26, slightly down from ₹323.1 crore in FY25. The EV rental segment, which rents two-wheelers to delivery partners working with platforms like Zomato, Blinkit, and Zepto, grew 24% to ₹137.7 crore.
Zypp Electric’s financial performance reflects growing demand for electric mobility solutions in the logistics sector, especially for last-mile delivery. Its revenue mix highlights the importance of both delivery services and vehicle rentals in supporting gig economy workers. The company’s ability to reduce losses while increasing revenue aligns with trends seen in other EV logistics startups preparing for public offerings, underscoring the sector’s evolving business models and investor interest.
Zypp Electric’s next milestone is its planned initial public offering, which will provide further insight into its financial trajectory and market position. The company’s FY26 results demonstrate progress toward profitability, with total revenue reaching ₹475.6 crore and a significant reduction in net losses compared to the previous fiscal year.