In order to satisfy the nation’s lofty environmental goals, Zyp Technologies has raised $1.5 million in Series Pre-A funding led by Shorooq Partners. This funding will allow Zyp to launch its electric smart mobility technology throughout the city of Lahore, Pakistan.
According to a news release, many angel investors joined returning investor Indus Valley Capital in increasing their investment in this round.
In the upcoming year, Zyp plans to use this investment to launch 1000 of its Zyp Utility Motorcycles (ZUM 2000) and build more than 60 battery switch stations.
The fleet management software on the smart motorcycles can track their location, provide anti-theft features, and send out accident alarms.
The debut is in line with Pakistan’s ambitious National Electric Vehicle Policy, which seeks to sell 30% of all vehicles in the country as electric by 2030. Zyp Technologies was delighted to be included on this esteemed list when the Pakistani government granted permits to 31 businesses in October 2023 to begin producing electric vehicles.
With the help of Zyp’s solutions, motorbike fleet owners may lessen Pakistan’s reliance on foreign oil while operating in an environmentally beneficial manner.
In addition to demonstrating the high performance of Zyp’s electric delivery motorcycles during a three-month trial with TCS, the nation’s top courier service, Zyp’s electric motorcycles travelled over 70,000 kilometres during a successful six-month trial with Chughtai Lab, Pakistan’s largest medical diagnostics company, which resulted in Chughtai Lab making a sizable purchase of the vehicles.
Zyp has set up an assembly line that can produce up to 12,000 electric motorcycles annually in order to maintain its prominent position in Pakistan’s sustainability movement. Additionally, in 2025, the corporation plans to distribute motorcycles in large quantities in several other Gulf countries, most notably the United Arab Emirates.
Zyp Technologies is the first locally owned electric two-wheeler mobility firm in Pakistan. Zyp was founded by engineering leaders from the automotive industries in Pakistan, Australia, and Silicon Valley to meet the growing demand for environmentally friendly urban transportation. The company specialises in electric motorbikes that are built for delivery and come with cutting-edge fleet management software.
Zyp’s electric motorcycles, known as ZUM 2000, come with several innovative features:
- Battery Swap System:
ZUM 2000 motorcycles have a unique battery swap mechanism. Riders can easily replace depleted batteries with fully charged ones at designated stations, reducing downtime.
- Fleet Management Software:
These motorcycles are equipped with fleet management capabilities. They provide real-time data on location, performance, and maintenance needs. Features include accident alerts and anti-theft measures.
- High Performance:
ZUM 2000 motorcycles have demonstrated impressive performance during trials. They can cover significant distances on a single charge.
- Quick Refueling:
With one-minute battery swaps, ZUM 2000 ensures efficient refueling, making them suitable for delivery services and urban commuting.
- Environmental Impact:
By promoting electric mobility, Zyp contributes to reducing air pollution and dependence on fossil fuels.
Overall, ZUM 2000 motorcycles offer convenience, sustainability, and smart features for riders and businesses alike.