EV logistics start-up Zypp Electric has partnered with Venture Catalysts to support a budding EV last mile delivery start-up with $25,000 in funding.
see photosZypp Electric joins hands with Venture Catalysts to fund EV start-ups
India’s leading EV logistics tech delivery start-up Zypp Electric has partnered with India’s early stage incubator Venture Catalysts to support emerging EV start-ups. As part of this campaign, Zypp Electric is organizing an innovation challenge program with Venture Catalyst, called the Zypp Evolve S1 – EV/Logistics Innovation Challenge. Under the programme, Zypp Electric will support every individual/team/start-up that has disruptive and innovative ideas to revolutionize the EV and logistics industry and industry leading last-mile electric delivery brands and ventures such as Zypp Electric. Funded by Catalyst. . Start-ups will receive $25,000 and a chance to receive an additional $200,000 in funding from Venture Catalysts.
Read also: Zypp Electric raises $7 million in Series A funding
(Akash Gupta, co-founder and CEO of Zipp Electric, says the campaign to fund new and budding start-ups will help strengthen the EV ecosystem, and give these start-ups exposure and insights from industry leaders.) will also be available.)
“We are thrilled and excited to launch this campaign in collaboration with Venture Catalyst to take on this innovative challenge for EV and logistics start-ups. This drive stands for every individual, company or budding start-up that has There are disruptive and innovative ideas. While we at Zypp are doing a lot of things in building the right EV ecosystem, this challenge aims to further strengthen our EV mission of a sustainable world. We aim to build EV and It aims to revolutionize the logistics industry. It will not only give recognition to these start-ups or individuals, but will provide them with exposure and insights from industry leaders and also give them business and partnership opportunities committed to scaling up with Zypp. which will give them the wings to fly in their early years of professional and start-up journey.” Akash Gupta, Co-Founder and CEO, Zypp Electric said.
Read also: Sun Mobility, Zip Electric partner to deploy 10,000 EVs for last mile delivery
“Venture Catalysts believes that start-ups that rely on clean energy are going to be the next big thing and therefore support the EV economy. We are extremely excited to have our portfolio of start-ups, Zypp, which is already It is a leader in the EV segment. This initiative can be a great platform for young teams, start-ups and individuals to gain business and funding opportunities through Zypp and Venture Catalyst. The Country continues to support and seek to forge deeper partnerships in building a complete EV ecosystem,” said Dr. Apoorva Ranjan Sharma, MD, Venture Catalysts.
Read also: Zypp Electric reports 6X revenue growth
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Under this drive, Zypp Electric will support all upcoming start-ups working in various sectors like electric vehicle manufacturing, logistics, drones, autonomous vehicles, batteries, battery management systems, EV service and maintenance, motors, controllers, technology, machine learning. will support. (MK) Internet of Things (IoT), Artificial Intelligence (AI) and Charging Infrastructure. The campaign will give start-ups an opportunity to introduce Venture Catalysts and receive up to $200,000 in funding from Venture Catalysts and Zyp Electric. With Zypp they will get committed business scale-up opportunities with orders up to ₹5 crore. Zypp Electric will provide them with incubation support, and these start-ups will work at Zypp Electric’s offices for 3 months free of charge for prototyping and testing, and Zypp will also provide them with mentorship from top industry leaders.
Read also: Zypp Electric resumes operations in Bengaluru and Pune
Zypp Electric recently started operations in Bengaluru and Pune with 100 riders in each city. The company now has operations in 9 cities.
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Zypp Electric was founded in 2017 and provides EV last mile delivery services for local merchants and e-commerce giants. The company currently delivers groceries, medicines, food, packages from point A to point B through its fully automated IoT and AI-enabled scooters that are low on maintenance and high on performance. The technology tracks batteries that can be replaced at Zypp swapping stations that are installed at key touch-points.
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