Zypp Electric to Deploy 5k Battery Swapping Stations Across 100 Cities

Zypp Electric is going to install EV battery swapping stations by investing Rs. 50 crores.

Gurugram based provider of Electric Vehicles for last-mile delivery of essentials, Zypp Electric has set its goals of installing five thousand battery swapping stations in three years, across 100 cities. The company will install the battery swapping stations for electric two wheelers (E2Ws) and electric three wheelers (E3Ws).

Zypp provides eco-friendly deliveries that reduce the carbon footprint and makes the environment pollution free, with well-trained delivery personnel and provides customized last-mile deliveries & an affordable fleet according to consumer’s requirements. 

The last-mile delivery provider is operational in six cities, has set up 50 battery swapping stations across Delhi NCR, and Jaipur. Their fleet of electric scooters is provided with chargeable batteries, prolonged durability, and easy access codes. 

The EV startup will be investing Rs 50 crore over the defined time in setting up these stations. A two-wheeler battery swapping and charging station will cost Rs 1 lakh to the company, said Akash Gupta, Co-founder, and CEO of Zypp.

The company, which works with 350 business-to-business (B2B) merchants to carry out last-mile deliveries for them, currently has about 1,000 electric scooters on its platform. It has partnered with top e-commerce and e-grocery companies like Amazon, Big Basket, Future Group, Flipkart, Spencers, and many more hyperlocal merchants and helped them deliver essentials to their end customer’s homes.

“We’ve got 1,000 electric scooters, and we are growing quite rapidly into expanding this to 10,000 over the next 12-14 months. In terms of growth, the business has grown almost 6X compared to the pre-COVID-19 period both in terms of revenue and number of shipments that we deliver,” Gupta said.

The riders can rent the e-scooter for Rs. 109 per day to Rs. 3,600 per month. On one charge the electric scooter can go up to 75 km, and the rider can swap the battery at Rs. 10 from the swapping station. It has also partnered with DMRC and local authorities for the parking of e-scooters.

Back in August 2020, zypp Electric had announced the successful delivery of 5 lakh + shipments for its customers in the last 4 months since the outbreak of COVID-19.