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May 29,2023

Zypp Electric is investing USD 300mn to expand its vehicle production capacity

Zypp Electric, a startup that provides electric mobility services, plans to deploy 2 lakh vehicles in its fleet by CY 2026 and will require up to USD 300 million to support its expansion. This business is very extensible and would require around USD 250-300 million in financing by CY 2026. With its capacity expansion plan, the company is planning to enter Mumbai, Pune, and Hyderabad.

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