<ul><li>Delhi NCR-based EV two-wheeler startup Zypp Electric's operating revenue surged 2.7X in FY24, reaching INR 292.7 Cr.</li><li>The startup generates revenue by renting its two-wheeler EVs to delivery executives of ecommerce startups, working closely with Swiggy, Zomato, BigBasket, among others.</li><li>Despite the increase in revenue, Zypp Electric's net loss surged to INR 91.1 Cr in FY24 from INR 40 Cr in the previous year.</li><li>The startup's total expenditure rose to INR 394 Cr in FY24, with major expenses including employee benefits, rent, and miscellaneous expenses.</li></ul>

Zypp Electric’s Revenue Zooms 2.7X, Nears INR 300 Cr Mark

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