Zypp Electric Gears For $200 Mn IPO, Eyes Listing In FY28

Zypp Electric Gears For $200 Mn IPO, Eyes Listing In FY28

EV logistics startup Zypp Electric is gearing up for a public market debut and is looking to raise up to $200 Mn (about ₹1,890 Cr) via an initial public offering (IPO) within the next 18-24 months. The startup has roped in Axis Capital, SBI Capital Markets and DAM Capital to manage the proposed offering. Prior to initiating the public listing process, Zypp is looking to raise a funding round in the range of $40-50 Mn, cofounder and CEO Akash Gup…

Zypp Electric Plans $200 Mn IPO, Appoints Bankers for FY28

With an IPO, electric vehicle logistics firm Zypp Electric hopes to garner $200 million. Axis Capital, SBI Capital Markets, and DAM Capital have already been appointed by the firm as the bankers for the IPO. The Gurugram-based firm is reportedly aiming to float on the stock market in FY28 and is in the process of finalising a pre-IPO funding round.After the company completes the investment round, the project will begin, and according to media re…