28
May
New Delhi: Zypp Electric, tech-enabled EV-as-a-service platform, has announced the successful kick-off of its Series C funding round, raising $15 million. This round was led by Japanese major ENEOS. The Series C1 funding comprises $15 million in equity closure as part of its ongoing $50m round which is split into $40m equity and $10m in debt. The equity funding saw participation from prominent investors including ENEOS along with participation from existing investors 9unicorns, IAN fund, venture catalysts, WFC & others. As per Zypp, the Series C funds will be utilized to expand it’s fleet from 21,000 to 200k electric scooters…