Zypp Electric and Indofast Energy to Deploy E-Two Wheelers

Gurugram- Zypp Electric., a tech-enabled EV-as-a-service platform, in partnership with Indofast Energy (A 50-50 joint venture between IndianOil and SUN Mobility), is set to revolutionize last-mile logistics with a major expansion plan. The company has announced its intent to deploy 100,000 electric two-wheelers (E2Ws) over the next 12-18 months. This landmark procurement builds upon the successful deployment of 10,000+ EVs by Zypp Electric with Indofast Energy’s battery swapping infrastructure. With Indofast Energy’s extensive network, this expansion will ensure seamless operations and accelerate large-scale EV adoption across the target cities.  

Zypp Electric aims for 100% electrification by 2028, scaling its fleet from 20,000 to 100,000 E2Ws in the next 12-18 months and reaching 500,000 in the next 3-4 years. The new fleet will be deployed across India’s top eight cities, enhancing last-mile logistics.

Powered by Indofast Energy’s battery-swapping network, riders benefit from a rapid 60-second swap, eliminating downtime. In Delhi NCR and Bengaluru, swap stations every 1.5 km ensure seamless access, boosting efficiency for delivery partners. This partnership is set to drive widespread EV adoption, creating a greener, more sustainable transportation ecosystem.

Mr. Tushar Mehta, Co-founder & COO at Zypp Electric, said, “At Zypp Electric, we are committed to redefining last-mile logistics with sustainable and cost-effective EV solutions. This major expansion will not only solidify our market leadership in India but also propel us towards global markets in Southeast Asia, the Gulf, and Africa. Our strengthened collaboration with Indofast Energy will play a crucial role in ensuring seamless operations and accelerating EV adoption across key urban centres.”

Mr. Rajat Malhan, Senior Vice President, Indofast Energy said, “As we strengthen our groundbreaking partnership with Zypp Electric, we're not just expanding our fleet - we're revolutionizing the fabric of urban mobility. The deployment of 100,000 battery-swappable EVs is a resounding testament to our unwavering commitment to electrify India's logistics landscape. Together, we're improving the lives of our delivery partners and helping create a cleaner, greener future."

With a growing footprint in India's urban mobility ecosystem, Zypp Electric is now looking to extend its reach beyond domestic borders. This move aligns with the company’s long-term vision of becoming a global leader in EV fleet services, catering to emerging demand in international markets.”

Indofast Energy too has a vision to serve over a million EV users and is expected to scale up to 10,000 battery-swapping stations across 50+ cities within the next three years. This expansion will provide a robust alternative to traditional charging, eliminating concerns related to battery cost, maintenance, replacement, and charging time.

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