Zypp Electric eyeing $25-30 million more as part of ongoing round

Zypp Electric is in advanced talks to raise $25-30 million from investors led by Nuvama Wealth. Tribe Capital is participating in the ongoing funding round. Zypp plans to increase its fleet to over 100,000 vehicles and expand operations to 15 cities next year. Its revenue rose to Rs 293 crore in FY24 although losses also increased.