Bringing Efficiency In Last-Mile Delivery The start-up has developed a full stack of SaaS offerings that efficiently monitor the country's largest AI/ML IoT-enabled fleet through a platform that enables better decision making for whole EV fleets
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While last mile delivery is the most crucial part of the delivery process, it is also the most challenging one. What if can be turned into an effortless and an environmentally safe experience? Zypp Electric is striving to do just that. "We are enhancing last-mile delivery in India by merging technology and electric mobility. Through the strategic integration of IoT and AI in our electric vehicles (EVs), we are contributing to a delivery ecosystem that is cleaner, more eco-conscious, and notably more efficient," says Akash Gupta, Co-Founder & CEO, Zypp Electric.
The start-up has developed a full stack of SaaS offerings that efficiently monitor the country's largest AI/ML IoT-enabled fleet through a platform that enables better decision making for whole EV fleets. "Real, on-ground scenarios constantly challenge technology, and we always try to address them," adds Gupta. With an assetlight model, a fleet of 20,000+ EVs spanning Delhi NCR and Bengaluru, and a track record of 3.5 million+ monthly deliveries, the start-engine significantly reduces the manufacturing process time, making it possible to launch satellites within a few weeks. "This not only speeds up the launch of satellites but also reduces overall project costs. Our focus on small satellite launch services has allowed us to streamline the launch process, ensuring quicker access to space for our customers," he said, adding that the space launch industry is dynamic and ongoing research and development is necessary to improve launch vehicle technology.
One of the most significant challenges the founders face is having the right talent on board coupled with finding the right vendors to fabricate the materials required for the launch vehicles. "Quality is the most important part of manufacturing and identifying reliable vendors who can meet our requirements can be challenging. With the help of the Indian Space Research Organisation (ISRO), we have had the chance to access their world-class facilities for assembling and testing our components. This collaboration has enhanced the quality of our products," he explained.
The founders have signed 35 Letters of Intent (LOI) with customers, demonstrating the strong demand for launch services. "We are actively engaging with different organizations to establish relationships with small satellite providers worldwide. This helps us in widening our customer network and making launch services accessible to satellite operators around the world. We are planning to conduct a test suborbital launch marking a milestone on our path to offering commercial launch services. It will provide us data that will check our readiness for subsequent orbital launches and our plan for the timeline is for an orbital launch in Q3 2024."
"We are looking forward to our first launch in this year which will be a SubOrbital Tech Demonstrator (SOrTeD). The launch will be done from our own launchpad in Sriharikota which is India's first private launchpad," the CEO said.
•Year of inception: 2017
•No. of employees: 950+
•Revenue for FY 2022-23: INR 125 Cr
•External funding received so far - USD 35 Mn+
•Major clients - Zomato, Uber, Amazon, Zepto, etc
•Any IP developed/ patented: We have created some in-house technology regarding Geo-fence, Geo-Spatial and 4 more technologies under the process of the patent.