Mansi Verma

MUMBAI : EV logistics startup Zypp Electric is seeking to raise as much as $200 million through an initial public offering and has appointed Axis Capital, SBI Capital Markets and DAM Capital, three people familiar with the matter said. The Gurugram-based company is currently closing a pre-IPO funding round and is likely to target a stock market listing in FY28, the people said.

MUMBAI : EV logistics startup Zypp Electric is looking to raise $40-50 million in a pre-IPO funding round, aiming to nearly double its valuation, according to two people with direct knowledge of the plan. The Gurugram-based company was last valued at approximately $331 million as of March 2025. It aims to close the funding round over the next two to three months. “The business has almost doubled since the last funding round in December 2024.