The round is a mix of $20Mn in equity and $5Mn in debt. With the fresh funding, Zypp has now raised total $37.5Mn ($30Mn in equity and $7.5Mn in debt or asset leasing)
To begin with a test order of 1000 e-scooters to cater to major businesses in the delivery segment.
The company will be deploying its fleet for the last-mile delivery provisions for Spencer’s Retail in Gurgaon and NCR.
With battery swapping stations, Zypp’sriders can swap within 3 minutes.
Zypp is allowing its new and existing users to have Zypp right at their doorstep and cover nearby areas while maintaining proper social distance in their commutes.
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