Zypp Electric, an Indian startup that builds electric vehicles, raised $25M.

 

Zypp Electric, an Indian startup that builds electric vehicles, raised $25M.  The capital was part of a Series B round led by Gogoro, a Taiwanese battery-swapping service provider. Zypp provides electric vehicles for online stores to use for last-mile delivery operations. With the funding, the startup wants to begin operations in new cities and increase its fleet size. Currently, Zypp has 10,000 electric vehicles, and it wants to increase that number to 200,000 by 2025. Gogoro is planning to have a stronger presence in India. The company recently partnered with Hero MotoCorps, the country's leading bikemaker.