- This year, the company will expand to 30 cities including Mumbai, Pune, Hyderabad, Chennai, Bengaluru, Chandigarh, Lucknow, Meerut, Indore, Bhopal and several other Tier-2 cities
- The company will be investing Rs 50 crore over the defined time in setting up these stations
As per a report by the Economic Times, Zypp plans to set up 5,000 battery swapping stations for two-wheelers and three-wheelers across the country over the next three years. Now operational in six cities, has set up 50 battery swapping stations across Delhi NCR, and Jaipur.
The report added that this year, the company will expand to 30 cities including Mumbai, Pune, Hyderabad, Chennai, Bengaluru, Chandigarh, Lucknow, Meerut, Indore, Bhopal and several other Tier-2 cities as per Akash Gupta, co-founder and CEO of Zypp Electric. He added that from, 30 cities, the company plans to expand to 100 cities in the next three years.
Investing Rs 50 crore over the defined time in setting up these stations
The report added that the company will be investing Rs 50 crore over the defined time in setting up these stations. A two-wheeler battery swapping and charging station will cost Rs 1 lakh to the company, Gupta added. The company, which works with 350 business-to-business (B2B) merchants to carry out last-mile deliveries for them, currently has about 1,000 electric scooters on its platform.
Gupta said that Gupta added that the company has got 1,000 electric scooters and growing quite rapidly into expanding this to 10,000 over the next 12-14 months. In terms of growth, the business has grown almost 6X compared to pre-COVID-19 period both in terms of revenue and number of shipments that we deliver.
