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Economic Times

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Zypp Electric lays off 10% of workforce amid profitability push

  • Gurugram-based electric vehicle (EV) fleet management firm Zypp Electric has reduced its workforce by around 10% over the past two months.
  • The company conducted an appraisal exercise to drive efficiency and rationalize non-performers, aiming for sustainable and profitable growth.
  • Zypp Electric plans to achieve profitability in the next two to three quarters and is eyeing a potential public listing within the next 24 months.
  • The company currently operates a fleet of about 20,000 vehicles and aims to expand into new cities in the next quarter.

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