logoAiPathly

Zypp Electric

Z

Overview

Zypp Electric is an Indian electric mobility startup founded in 2017 by Akash Gupta and Rashi Agarwal. The company's mission is to make India carbon-free through the adoption of electric vehicles (EVs) in last-mile delivery. Key Features and Services:

  • EV-as-a-Service Platform: Zypp Electric provides a fleet of electric scooters and bicycles on a subscription basis to businesses, reducing carbon footprint and transportation costs.
  • Last-Mile Delivery Solutions: The company specializes in eco-friendly last-mile delivery services for various sectors using IoT and AI-enabled scooters.
  • Battery Swapping Infrastructure: Zypp Electric has set up battery swapping stations at key touchpoints for efficient battery replacement. Business Model:
  • B2B and B2C Plans: The company offers business solutions including drivers, EVs, charging infrastructure, and maintenance support. For B2C, they provide electric bike subscriptions for deliverers.
  • Fleet Management: Zypp Electric is known for its robust fleet management, addressing adoption challenges over the past five years. Funding and Valuation:
  • Total Funding: Over ₹409.7 Cr (approximately $50 million USD) raised, with a recent Series B round of $25 million in late 2022.
  • Valuation: As of May 2024, the company's valuation stands at $100 million. Operations and Impact:
  • Headquarters: Gurugram, Haryana, India
  • Employee Base: Approximately 319 employees
  • Milestones: 20.5 million emission-free deliveries completed, supporting over 10,000 low-income drivers and gig workers. Initiatives and Partnerships:
  • Inclusivity Programs: Hiring and training women as delivery partners
  • Google for Startups Accelerator participation in 2021
  • Strategic advisor: Manoj Kohli, former head of SoftBank India Commitment to Sustainability:
  • Focus on decarbonizing last-mile delivery and mobility
  • Alignment with sustainable development goals and climate tech Zypp Electric's innovative approach to electric mobility positions it as a key player in India's transition to sustainable transportation solutions.

Leadership Team

Zypp Electric boasts a strong leadership team with diverse expertise, driving the company's growth and innovation in the electric vehicle sector: Founders and Key Executives:

  • Akash Gupta: Co-Founder and CEO, with experience from MobiKwik, Snapdeal, Airtel Payments Bank, and others
  • Rashi Agarwal: Co-Founder and Chief Business Officer
  • Tushar Mehta: Co-Founder and Chief Operating Officer Recent Appointments:
  • Ricky Singh: SVP of E2W Operations, focusing on two-wheeler segment growth
  • Rahul Yadav: VP of Technology, leading product and technology initiatives
  • Sudhir Sharma: SVP Finance, handling finance, fundraising, and strategic planning
  • Sudipto Shome: VP of E3W Operations, specializing in three-wheeler and four-wheeler logistics Senior Advisor:
  • Manoj Kohli: Former SoftBank India head and Bharti Airtel veteran, guiding IPO plans and bringing 45 years of industry experience Other Key Executives:
  • Parag Raheja: EVP of Fleet & Maintenance This diverse and experienced leadership team is crucial in driving Zypp Electric's mission to revolutionize last-mile logistics, achieve sustainable growth, and prepare for a future initial public offering (IPO).

History

Zypp Electric, founded in 2017 by Akash Gupta and Rashi Agarwal, has rapidly evolved to become a key player in India's electric mobility sector. The company's journey is marked by significant milestones and adaptations: Founding and Mission:

  • Established in 2017 with a mission to achieve zero emissions in last-mile deliveries by 2028
  • Core values: sustainability, efficiency, affordability, intelligence, and reliability Early Challenges and Pivot:
  • Initially faced infrastructure and user adoption challenges
  • Pivoted towards last-mile deliveries two years after founding, partnering with major clients like Amazon and Big Basket Growth and Expansion:
  • Fleet growth from 2,000 vehicles in 2021 to over 21,000 by FY 2023-2024
  • Expanded operations to multiple cities including Delhi, Gurgaon, Pune, Bengaluru, and Hyderabad Financial and Revenue Growth:
  • Total funding of ₹409.7 crore from various investors
  • Revenue surge from ₹125 crore in FY 2022-2023 to ₹306 crore in FY 2023-2024 Achievements and Milestones:
  • Reduced carbon emissions by over 29 million kilograms
  • 21x growth in 3-wheeler deliveries
  • Recognized as Asia's top growing startup by the Financial Times Business Model and Services:
  • EV-as-a-Service platform offering B2B and B2C solutions
  • Utilization of IoT and AI-enabled scooters with battery swapping infrastructure Social Impact:
  • Initiative to hire and train 3,000 women as delivery partners Zypp Electric's journey demonstrates its commitment to sustainable last-mile delivery solutions and its significant impact on India's electric mobility landscape.

Products & Solutions

Zypp Electric, an India-based tech-enabled electric vehicle (EV) as-a-service platform, offers a comprehensive range of products and solutions focused on last-mile delivery and sustainable transportation. Their offerings can be categorized into the following key areas:

Electric Vehicles

Zypp Electric provides a fleet of electric scooters and cargo vehicles designed for zero-emission deliveries. These vehicles are equipped with advanced technologies such as IoT and AI, enabling automated and efficient operations.

Fleet Management Solutions

  • Smart Charging Solution: IoT-enabled chargers ensure timely and efficient charging, optimizing scooter use and reducing downtime.
  • Theft Alarm and Motor Lock: Built-in security features enhance fleet protection.
  • Geo Alerts: Real-time location tracking for efficient route optimization.
  • Keyless Bluetooth Connectivity: Allows riders to unlock and mobilize scooters using smartphones.
  • Battery Intelligence: Provides real-time data on battery health and usage patterns.

Delivery Services

  • EV+Rider Service: Offers electric vehicles with riders for last-mile deliveries.
  • Partnerships: Collaborates with prominent companies like BigBasket, Zepto, Flipkart, Myntra, Zomato, and Swiggy for efficient last-mile delivery solutions.

Additional Features

  • Ride Behavior Analysis: Tracks driving habits for improved safety and efficiency.
  • Stand Sensor: Enhances rider safety by preventing mobilization when the stand is down.
  • Custom Branding: Allows businesses to customize scooters with company colors and logos.

Support and Education

Zypp Electric provides comprehensive user education through their app, videos, tutorials, and in-person training on EV usage, charging, battery swapping, and maintenance.

Business Models

  • B2B Solution: Provides businesses with drivers, electric delivery vehicles, EV charging infrastructure, and maintenance support.
  • B2C Plan: Offers electric bike subscriptions for individual deliverers.

Expansion Plans

With recent funding, Zypp Electric aims to expand its fleet from 21,000 to 200,000 electric scooters and extend its service coverage to 15 cities across India by 2026.

Core Technology

Zypp Electric leverages advanced technology to power its last-mile delivery and mobility services. The key components of their core technology include:

IoT and AI-Enabled Fleet Management

  • Real-time tracking of vehicle locations, performance, and battery conditions
  • Keyless operation through app integration with back-end services

Battery Management and Swapping

  • Robust battery management system for optimizing battery health and longevity
  • Partnership with Gogoro for advanced battery-swapping technology
  • Swapping stations at key locations for minimized vehicle downtime

Real-Time Data Analysis and Insights

  • Utilization of data analytics and AI for informed decision-making
  • Optimization of fleet management, vehicle allocation, and predictive maintenance

Security Features

  • Implementation of motor locks for enhanced fleet security and visibility

Full-Stack SaaS Platform

  • Provides insights on earnings, order allocation, and real-time fleet tracking
  • Features token-based order allocation and user-friendly driver app
  • Helps reduce driver turnover and improve operational efficiency

Ecosystem Integration

  • Seamless integration with logistics companies (e.g., Blue Dart, Ecom Express, DTDC)
  • Collaboration with delivery platforms (e.g., Zomato, Zepto, Swiggy) By leveraging these technologies, Zypp Electric aims to make last-mile delivery more efficient, cost-effective, and environmentally friendly, while providing a comprehensive solution for businesses and individual deliverers alike.

Industry Peers

Zypp Electric operates in a competitive landscape that includes several industry peers across various segments. Key competitors and industry peers include:

EV Delivery and Last-Mile Delivery

  1. Swiggy Genie: A delivery service by Swiggy, expanding into grocery and essential item deliveries.
  2. Rapido: A bike taxi service venturing into delivery with Rapido Box.
  3. Dunzo: A player in the last-mile delivery segment.
  4. NimbusPost: A logistics company competing in the broader delivery and logistics space.

Electric Vehicle and Mobility

  1. Ola Electric Mobility: Develops and manufactures electric scooters, focusing on clean and sustainable transportation.
  2. Kabira Mobility: Offers high-speed and long-range electric motorcycles for urban transportation and delivery services.
  3. EVeez: Provides electric bikes on a subscription basis, targeting e-commerce, transportation, and last-mile delivery sectors.
  4. VIOMA MOTORS: Specializes in smart electric scooters with advanced features for eco-conscious consumers.

Shared Mobility and Sustainable Transportation

  1. River: Focuses on electric mobility, particularly electric scooters designed for urban transportation.
  2. Cowboy: A Belgium-based company producing connected electric bicycles for urban environments. These companies compete with Zypp Electric in various aspects, including:
  • Electric vehicle technology
  • Last-mile delivery services
  • Sustainable transportation solutions
  • Urban mobility options
  • Fleet management and logistics As the EV and last-mile delivery markets continue to grow, competition is likely to intensify, driving innovation and improvements in service offerings across the industry.

More Companies

P

Paycor

Paycor is a comprehensive Human Capital Management (HCM) software solution designed to streamline various aspects of workforce management. Here's an overview of its key features and services: ### Core Functions - **Payroll Processing**: Automates payroll processing, ensures tax compliance, and provides real-time calculations. Features include AutoRun for scheduled payroll, direct deposit, and detailed reports. - **Recruiting and Hiring**: Manages the entire recruiting process, from job postings to interviews and hiring, helping build candidate pipelines and offering a best-in-class interview process. - **Onboarding and Development**: Facilitates employee onboarding, coaching, and talent development with tools for continuous feedback, collaboration notes, and performance evaluations. ### Compliance and Tax Management - **Tax Compliance**: Offers proactive alerts, tax warnings, and a compliance dashboard. Handles tax filing, W-2 and 1099 processing, and provides tax setup guidance based on employee addresses. - **ACA Compliance**: Helps maintain Affordable Care Act (ACA) compliance by generating correct reports and providing filing services to avoid penalties. ### Employee Self-Service and Engagement - **Employee Access**: Allows employees to access pay stubs, W-2s, benefits elections, and financial wellness resources through mobile devices. - **Feedback and Collaboration**: Enables instant feedback, progress tracking, and enhanced collaboration between managers and employees. ### Analytics and Reporting - **Paycor Analytics**: Provides insights into key workforce data such as turnover, headcount, and gender pay equity, aiding in informed decision-making and effective labor cost management. ### Industry-Specific Solutions - **Professional Services**: Offers tailored solutions for professional service firms, including specialized implementation, labor cost tracking, and expense management. ### Additional Features - **Workers' Compensation and Wage Garnishments**: Automates payroll deductions, saving time and reducing errors. - **Customer Support and Community**: Provides personalized support, access to the HR Center of Excellence (HR COE) for best practices, and an exclusive community called the CORner for networking. Paycor integrates various HR and payroll functions into a single, cloud-based platform, enabling businesses to manage their workforce efficiently and effectively.

Z

Zeekr

Zeekr is a premium electric vehicle (EV) brand founded in March 2021 by the Geely Group, a leading global mobility company. Key aspects of Zeekr include: ### Ownership and Brand Philosophy - Owned by Geely Automobile Holdings, operating as Zeekr Intelligent Technology Holding Limited - Name derived from 'Generation Z' and 'geek', reflecting focus on technology and innovation - Aims to be a user-driven tech company centered on experiences and innovation ### Product Line - Zeekr 001: Full-size shooting brake, first model launched in April 2021 - Other models: Zeekr 007 (mid-size sedan), Zeekr 009 (full-size MPV), Zeekr X (subcompact SUV), Zeekr 7X (mid-size SUV), Zeekr Mix (compact MPV) ### Technology and Innovation - Vehicles built on the Sustainable Experience Architecture (SEA) platform - Features include 800V high voltage charging and CATL Qilin long-range batteries - Collaborations with Waymo for autonomous ride-hailing vehicles and Mobileye for L4 autonomous capabilities ### Manufacturing and Global Presence - Manufacturing capacity of up to 300,000 vehicles per year in China - R&D facilities in Ningbo, Hangzhou, and Shanghai - Global design center in Gothenburg, Sweden, and European HQ in Amsterdam - Expanded sales to over 330 cities in China and launched in Europe in 2023 ### Financial Growth - Raised $500 million in 2021 and $750 million in 2023, valuing the company at $13 billion - Filed for IPO on NYSE in May 2024, raising approximately $441 million Zeekr positions itself as a premium EV brand focusing on technology, innovation, and user-centric design, aiming to compete globally in the electric vehicle market.

A

Automattic

Automattic is a globally distributed company that has significantly impacted the web publishing and commerce landscape since its founding in 2005. Here are key aspects of the company: ### Founding and Headquarters Founded by Matt Mullenweg, co-founder of WordPress, Automattic is headquartered in San Francisco, California, USA. ### Products and Services Automattic offers a wide range of popular web services and tools, including: - WordPress.com - WooCommerce - Jetpack - WordPress VIP - Simplenote - Longreads - Tumblr - Day One - Pocket Casts - Newspack - Beeper ### Global Presence and Workforce As a distributed company, Automattic employs approximately 2,000 people across 96 countries, speaking over 120 different languages. ### Mission and Values Automattic is committed to democratizing publishing and commerce, aiming to enable anyone to share their story or sell their product regardless of background or location. The company strongly supports Open Source, with most of its work available under the GPL (General Public License). ### Culture and Work Environment Operating as a remote-only, asynchronous organization, Automattic emphasizes clear communication, respect for boundaries, and inclusivity. The company supports equity measures for employees with disabilities and promotes a culture that respects diverse backgrounds and experiences. ### Contribution to Open Source Automattic dedicates 5% of its company time to the WordPress core project, an initiative known as "Five for the Future," encouraging businesses and individuals to contribute to WordPress development. ### Recognition Automattic is recognized as a Most Loved Company and is committed to being Disability Confident. In summary, Automattic is a forward-thinking company that values diversity, inclusion, and the democratization of web publishing and commerce while significantly contributing to the Open Source community.

E

Exabeam

Exabeam is a global cybersecurity leader specializing in AI-driven security operations. The company offers a comprehensive suite of products and services designed to enhance threat detection, investigation, and response (TDIR). Key aspects of Exabeam include: ### AI-Driven Security Operations Exabeam integrates AI and machine learning into its security operations platform, delivering advanced behavioral analytics on top of traditional security information and event management (SIEM) capabilities. This approach helps detect anomalies and suspicious activities by learning normal behavior patterns within an organization. ### Exabeam Security Operations Platform The cloud-native and scalable platform provides advanced capabilities for log management, SIEM, and TDIR. Key features include: - Over 200 prepackaged correlation rules and a rule builder - Collectors that gather data from various sources - Log Stream for rapid log processing with over 10,000 pre-built parsers - Outcomes Navigator for actionable security coverage recommendations - Automation Management with no-code playbooks - Threat Center, a unified workbench for threat detection and response ### Advanced Analytics and Automation Exabeam automates every step in the TDIR workflow, from data collection to the final stages of investigation. This automation enables security analysts of all skill levels to conduct comprehensive investigations efficiently. The platform uses generative AI to provide event context and accelerate investigations. ### Integrated Threat Intelligence The solutions include integrated threat intelligence, improving the fidelity of detections by adding context to correlation rules. This integration helps in more accurate and efficient threat management. ### Scalability and Flexibility The platform is designed to handle large volumes of data, offering limitless scale to ingest, parse, store, search, and report on petabytes of data. It also provides flexible deployment options to suit various organizational needs. ### User-Friendly Interface Exabeam's interface is designed to be user-friendly, allowing both new and experienced analysts to easily navigate and manage the platform. Features like customizable dashboards and fast, scalable searches across hot and cold data enhance usability and efficiency. Overall, Exabeam's solutions aim to break the cycle of constant recovery by providing innovative, AI-driven security operations that empower organizations to detect, defend against, and defeat cyber threats effectively.