Hyperlocal and EV-based last-mile delivery startup Zypp Electric has raised around $7 million in Series A round co-led by 9Unicorns and Anthill Ventures.
The round also saw participation from marquee family offices and early-stage funds -- Nanavati Family Office, We Founder Circle, Silicon Valley-based Riso Capital Fund, Dholakia Ventures, along with existing investors Venture Catalysts and IAN Fund. Few angel investors like Tarun Saraf of Warehouse Now, Rahul Khera of AWL logistics; Arjun Seth, Mark Joseph, both EV enthusiasts, also invested in the latest round.
With the fresh funding, Zypp has now raised $12.5 million in total so far. Zypp will be using the funding to rapidly scale the business over the next 12 months in building an asset light EV business with simple charging solutions.
