Zypp Electric's Revenue Skyrockets, Approaching INR 300 Cr

• Zypp Electric's revenue increased 2.7X to INR 292.7 Cr in FY24, a 168% rise from the previous fiscal year.
• The startup's total revenue, including other income, jumped to INR 302.6 Cr in FY24.
• Despite the revenue increase, the net loss surged 125% to INR 91.1 Cr in FY24.
• Zypp Electric generates revenue by renting its two-wheeler EVs to delivery executives of ecommerce startups.
• The startup's biggest expense was miscellaneous expenses, which rose 181% to INR 274.1 Cr in FY24.

Source: Inc42