Hyperlocal and last-mile delivery service provider Zypp, which uses only electric vehicles to deliver products, has received a commitment of Rs 35 crore from domestic and foreign investors and is in talks with more investors to take the total funding to Rs 60 crore. The commitment for Rs 30-35 crore has already come, Zypp’s Founder and Chief Executive Officer Akash Gupta told. In India, electric two-wheeler penetration is expected to reach 25-35 percent by 2030, according to a report by KPMG.

(Moneycontrol)