Tech-enabled EV-as-a-service platform Zypp Electric in partnership with Indofast Energy (A 50-50 joint venture between IndianOil and SUN Mobility), is set to revolutionize last-mile logistics with a major expansion plan. The company has announced its intent to deploy 100,000 electric two-wheelers (E2Ws) over the next 12-18 months. This landmark procurement builds upon the successful deployment of 10,000+ EVs by Zypp Electric with Indofast Energy’s battery swapping infrastructure. With Indofast Energy’s extensive network, this expansion will ensure seamless operations and accelerate large-scale EV adoption across the target cities.
Zypp Electric has set an ambitious target of achieving 100 percent electrification by 2028, and this large-scale deployment is a step in that direction. The expanded fleet will help the company achieve a fivefold growth, scaling from 20,000 to 100,000 vehicles within the next 12 to 18 months and further 500,000 vehicles in the following 36 to 48 months. This initiative will drive widespread EV adoption, ensuring seamless and sustainable last-mile logistics India.
The new fleet of 100,000 E2Ws will be deployed across India’s top eight cities, including Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, Lucknow & Jaipur enhancing efficiency for delivery partners and enterprises. With Indofast Energy’s cutting-edge battery swapping network, riders gain unlimited range and near-zero downtime- a game changer in urban mobility. Its rapid 60 second battery swap eliminates long charging waits, keeping delivery partners and EV users on the move. In Delhi NCR and Bangalore, Indofast Energy has an extensive network of swap stations strategically placed every 1.5 kms, ensuring seamless and hassle-free battery access. This dense coverage is a game-changer for delivery professionals, helping them maximize productivity and earnings while reducing operational stress.
As Zypp Electric and Indofast Energy gear up for this transformative phase, the companies remain steadfast in their combined vision of creating a cleaner, greener, and more efficient transportation ecosystem for the future.
Speaking on the announcement, Tushar Mehta, Co-founder & COO at Zypp Electric, said, “At Zypp Electric, we are committed to redefining last-mile logistics with sustainable and cost-effective EV solutions. This major expansion will not only solidify our market leadership in India but also propel us towards global markets in Southeast Asia, the Gulf, and Africa. Our strengthened collaboration with Indofast Energy will play a crucial role in ensuring seamless operations and accelerating EV adoption across key urban centres.”
Rajat Malhan, Senior Vice President, Indofast Energy said, “As we strengthen our groundbreaking partnership with Zypp Electric, we’re not just expanding our fleet – we’re revolutionizing the fabric of urban mobility. The deployment of 100,000 battery-swappable EVs is a resounding testament to our unwavering commitment to electrify India’s logistics landscape. Together, we’re improving the lives of our delivery partners and helping create a cleaner, greener future.”
With a growing footprint in India’s urban mobility ecosystem, Zypp Electric is now looking to extend its reach beyond domestic borders. This move aligns with the company’s long-term vision of becoming a global leader in EV fleet services, catering to emerging demand in international markets.”
Indofast Energy too has a vision to serve over a million EV users and is expected to scale up to 10,000 battery-swapping stations across 50+ cities within the next three years. This expansion will provide a robust alternative to traditional charging, eliminating concerns related to battery cost, maintenance, replacement, and charging time.