With the advent of online shopping, last-mile delivery has emerged as a big business opportunity in India.
A KPMG report revealed that there will be 6.1 million delivery executives in India by 2025 making last-mile deliveries.
But as the majority of last-mile deliveries are completed using internal combustion engine vehicles, the opportunity presents a big issue.
Providing a solution to this problem, today’s story is of a Gurugram-headquartered startup, Zypp Electric, that is making last-mile delivery more affordable and time-saving, with zero-emission.
Startup Story: Zypp Electric | Efficient, Eco-friendly And Economical Last-Mile Deliveries
Zypp Electric Founder
Founded by husband-wife duo Akash Gupta and Rashi Agarwal in 2017, Zypp Electric is a B2B Delivery and shared mobility platform that is on a mission to make all last-mile deliveries electric.
Zypp Electric is working towards converting all deliveries for e-commerce, grocery, medicine and food verticals to go electric with its e-scooter sharing app.
Akash Agarwal, an alumnus of the Institute of Management Technology in Ghaziabad, has worked for companies like Airtel, Snapdeal, and Mobikwik, while Rashi Agarwal, a graduate from IIPM, has worked for the likes of ICICI Bank and S&PCapitalQ.
How Zypp Electric Started?
Zypp Electric had begun as an electric rental mobility company for commuters. But with time, the founders observed that 50% of the commute in India is less than 5 km.
In 2019, Akash and Rashi saw that last-mile delivery was rapidly growing at 30% YoY, especially in eCommerce and e-grocery segments. The duo then decided to tap into this last-mile delivery market and help it transition into an EV-led delivery ecosystem.
Providing details about Zypp Electric, Akash says,
[Read: This Healthtech Startup Is Helping People Stay Healthy With Precision Health Solutions]“We serve businesses of all sizes, right from large eCommerce companies to e-grocery to Kirana stores and restaurants. We handle their end-to-end last-mile deliveries – from stores to customers’ homes with various differentiated tech-enabled custom solutions, such as using e-vehicle, fixing the timings of services, IoT-enabled battery swapping infrastructure, ensuring good riders, and giving an exclusive experience to their end customers.”
USP Of Zypp Electric
Making last-mile delivery more affordable and time-saving, with zero-emission, Zypp Electric provides electric scooters, electric loaders to serve businesses working in grocery, food, medicine and essential goods.
The startup works on a B2B last-mile delivery model and offers businesses an electric fleet, provides them trained riders, customised pricing with technology, and API integration.
The vehicles provided by the startup are enabled with IoT technology to track the vehicles and delivery executives in real-time.
Zypp also provides Zypp Hyperlocal service where businesses can list their stores on Zypp Merchant Panel to get more business through Zypp dedicated riders who handle all their deliveries.
Akash says,
“With Zypp delivery, orders get delivered to the customers’ doorstep. To increase traction and boost sales for the business, Zypp provides free marketing promotions with attractive offers to B2B businesses.”
Present Situation Of Zypp Electric
With a presence in five cities (Delhi, Mumbai, Bengaluru, Hyderabad, and Chennai), Zypp Electric claims to have an annual revenue run rate of over $1 million right now, which is a 6x jump in revenues compared to its revenues last year. As per Akash, the startup has been delivering 200,000 shipments a month as of now, with an average month-on-month growth rate of 20% for the last six months.
Currently, Zypp has over 300 clients, including Amazon, Rapido, Flipkart, Myntra, Big Basket, Grofers, Spencers, Modern Bazaar, Easyday and many more.
Akash says,
“Today, we have more than 300 B2B customers including the largest Ecommerce, largest food delivery, largest e-grocery, bike taxi and offline chains, and hundreds of dark-stores working with Zypp, with over 1,000 Zypp pilots delivering good and essentials.”
Future Plans Of Zypp Electric
Zypp Electric has aggressive growth plans, and over the next 18 months, the startup is all set to expand its EV fleets from 1,000 to 10,000 vehicles, of which the company aims at least 15% to be women-led and to cover ten major cities in India.
The startup also aims to cross 1,000-plus partners within FY22. Akash says,
“We’re looking to be at Rs 300 crore annual revenue run rate by March 2022, with 15,000 Zypp Electric EVs running across 12 cities in India.”
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