Zypp Electric Sparks IPO Plans, Enlists Top Banking Talent for FY28 Public Listing

Gurugram-based electric vehicle logistics platform Zypp Electric is taking significant strides towards its initial public offering (IPO) by appointing a consortium of esteemed investment bankers, including Axis Capital, SBI Capital Markets, and DAM Capital. The company is reportedly aiming for a public offer valued between USD 150 to 200 million, with plans to debut on the D-Street by FY28. Prior to this, Zypp is set to undertake a pre-IPO funding round estimated at USD 40 to 50 million, which is crucial for consolidating its operations and adhering to institutional compliance standards.

Despite experiencing net losses that widened to INR 107.5 crore in FY25, Zypp has demonstrated its operational resilience by achieving EBITDA profitability. This indicates a positive shift in unit economics, as the company’s aggressive expansion strategy has significantly increased its revenue, projected to hit INR 600 crore for FY26. The implementation of a Franchise-Owned, Company-Operated (FOCO) model has allowed Zypp to adopt a more asset-light approach while simultaneously enhancing its revenue streams through advertising initiatives and its SaaS platform, Fleekies.ai.

Zypp’s proactive steps in locking in a banking syndicate early signal a strategic positioning within India’s burgeoning clean mobility sector, which is currently attracting substantial institutional liquidity. As Zypp prepares for its entry onto the Indian stock exchanges, it could pave the way for investors to access the first listed pure-play EV logistics and fleet management stock, tapping into the growing demand for sustainable transportation solutions in India. This IPO represents a unique investment opportunity for Indian investors keen on capitalizing on the shift towards eco-friendly logistics.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)