Revolutionizing last-mile delivery: Zypp's drive towards a sustainable future
Peaceful Progress
Peaceful Progress is a SEBI Registered (AIF CAT-1) Angel Fund, investing in Technology-led and Consumer businesses.
“You cannot get through a single day without having an impact on the world around you.
What you do makes a difference, and you have to decide what kind of difference you want to make†- Jane Goodall?
Read on to know more about an entrepreneur couple who chose to make a positive difference.?
Entrepreneurship is a powerful way to change the world into a better one.
Akash Gupta and Rashee Agarwal, a couple who were concerned about the rise in pollution, founded Zypp in 2017. Both quit their respective careers to make the world a cleaner and greener place.?
The journey of Zypp started with the noble thought of reducing carbon emissions.?
They noticed that abroad, there were sustainable modes of travel like bicycles, which would not suit the busy and crowded Indian roads.?
They tapped the growing market of Last Mile deliveries and came up with a solution of Electric bikes for everyday food, grocery, and others considerably reducing the pollution rampant in urban areas.?
Zypp is an EV as a one-stop service platform. which offers EVs, drivers, EV charging infrastructure, maintenance support, and dashboards for real-time tracking. Anti-theft and battery swapping are the additional advantages.?
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They built an impressive team with experts Vishwajeet Singh, Tushar Mehta, and Amit Goyal leading Marketing Operations and Technology divisions.?
Their idea has won appreciation from Angel investors. The first round of funding in 2018 was spearheaded by Venture Catalysts, soon followed by IAN Fund, 9 Unicorns, We Founder Circle, AntHill Ventures, Riso Capital, Dholakia Ventures, Nanavati Family office, Northern Arc. and Peaceful Progress.?
The concept of Zero Carbon Emissions captured the interest of various E-commerce platforms, and within five years they have tied up with 50 leading Delivery apps for food, medicines, groceries, and other packages. They teamed up with bike rentals too. Their partners include Swiggy, Zomato, BigBasket, Blinkit, Dunzo, DTDC, Pharmeasy, Portr, Rapido, Zepto, and more. They also empower drivers by providing Electric Vehicles on hire starting from a nominal fee of 100 INR.
Milestones Zypp achieved by 2023, 6 years since inception -
- They have a fleet of 8000 Electric vehicles, fulfilling 40,000 orders per day across six? ? Indian cities,?
- Till Jan 2023, they raised a total funding of USD 21 Mn
- Tied up with 50 major players in ECommerce.
- Nine Million deliveries as of September 2022
- Saved 23 million kgs of Carbon Emissions.
- Their expansion plans include a fleet of 2 lakhs vehicles, extending services to 20 Indian cities by 2025
- Aiding employment of delivery partners through EV hire at low cost, empowering women drivers with Female Rider Employment program.
????????????What can we learn from their journey?
Problems are waiting to be solved with better solutions. We need to explore, ideate and execute in the right way.
Their path was never smooth, still, Akash and Rashi never gave up the dream of a better planet. They refused to leave the path and settle for a comfort zone, hence achieving success while contributing to a pollution-free world.
We at Peaceful Progress are glad to have played a small role in the progression of Zypp. All the best Team Zypp, we wish you more success in the coming years.
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Managing Director | Human Resources Professional
2 å¹´Great Work Akash and Rashi..... Keep it up.
Manager FM & LM Ops
2 å¹´Thanks for sharing
Storage Energy professional with passion for EV Mobility last mile
2 å¹´Achievement indeed