This EV logistics start-up is planning $200M IPO in India

This EV logistics start-up is planning $200M IPO in India

Zypp Electric, an electric vehicle (EV) logistics start-up, is gearing up for a major initial public offering (IPO) of $150-200 million.

The Gurugram-based company has already appointed Axis Capital, SBI Capital Markets and DAM Capital as its bankers for the process.

Zypp is also closing a pre-IPO funding round to boost its valuation ahead of a likely stock market listing in FY28.

The company was last valued at $331M

Zypp Electric has witnessed "good growth" over the last year, according to Mint.

The company was last valued at some $331 million in March 2025, according to data from Tracxn.

So far, it has raised a total of $76.5 million from investors such as Goodyear Ventures, Venture Catalysts, Indian Angel Network Fund, We Founder Circle and IVY Growth Associates.