With an IPO, electric vehicle logistics firm Zypp Electric hopes to garner $200 million. Axis Capital, SBI Capital Markets, and DAM Capital have already been appointed by the firm as the bankers for the IPO. The Gurugram-based firm is reportedly aiming to float on the stock market in FY28 and is in the process of finalising a pre-IPO funding round.
After the company completes the investment round, the project will begin, and according to media reports, the budget is likely to be between $150 million and $200 million. According to a report, Zypp has experienced solid development in the past year.
Zype’s Pre-IPO Funding and Last Valuation
According to recent reports, the company is planning to raise $40-50 million in a pre-IPO investment round in order to roughly quadruple its worth. As to the report, the round is anticipated to conclude within the next two to three months. As of March 2025, Zypp was valued at approximately $331 million based on statistics from Tracxn.
Goodyear Ventures, Venture Catalysts, We Founder Circle, 100Unicorns, and IVY Growth Associates are among the investors who have contributed $76.5 million to the company so far. Companies like Ather Energy, BluSmart, Statiq, and Euler Motors are extending their footprint in the broader Indian EV ecosystem, which is also experiencing tremendous momentum. According to Tracxn, investments reached $418 million in 2026, while total funding in the industry increased from $40.6 million in 2017 to $1.67 billion in 2025.
Ever Transforming India’s EV Sector
Investor interest in publicly traded electric vehicle firms has also been strong. In a qualified institutional placement (QIP) earlier this month, Ola Electric Mobility was able to raise more than INR 780 crore, surpassing its initial fundraising goal of INR 500 crore. Goldman Sachs, BNP Climate, Motilal Oswal, Mirae Asset, Kotak Mahindra, JM Financial, and Baroda BNP Paribas were among the many investors that took part in the offering. Similarly, Ather Energy, a competing company, is reportedly in talks with investment bankers to fund approximately INR 2,500 crore through a qualified investment plan (QIP) set to begin in July. Zypp aims to be one of the electric mobility firms that go public in the next wave.
Hence, taking advantage of the significant demand from investors and the rapid use of electric vehicles. According to Zypp's franchise-owned, company-operated (FOCO) model, 500 electric scooters were released in 2025. The FOCO concept allows institutions, family offices, high-net-worth individuals, and others to invest in electric vehicles that have been approved by Zypp, while the firm takes care of the fleet's deployment, operations, and maintenance.
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