EV-as-a-service startup Zypp Electric announces two leadership appointments

In his new role, Goyal will be responsible for designing the structure of technology systems and managing the implementation of technology projects at the company. He will be working with

industry leaders to plan the future IT requirements of the organisation and carry out the testing procedures to satisfy quality standards and procedures.

Ray will oversee the portfolio expansion of the firm from current mainly two-wheelers to three-wheelers and more to cater to the variety of customer use cases.

“The EV logistics sector is set to disrupt the industry with electric vehicles and their usage going mainstream. As the leader in electric logistics, we plan to capture a lion’s share of the market offering trouble free service and cutting-edge technology that is attainable. Amit and Ketan bring in decades of sector expertise in their respective professions and we are happy to have them on board as we look to the future,” said Rashi Agarwal, co-founder and CBO, Zypp Electric.

Goyal brings 17 years of knowledge and experience in the IT sector. He also co-founded a US-based food tech startup, FoodEspa and formerly worked as an architect in Ericsson.

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“I see Zypp Electric continuing to play a critical role as an industry catalyst in everything last-mile logistics. I intend to contribute to the process by making it more efficient through the use of technology,” said Goyal.

Ray has had a 14-year career in business operations, consulting, and engineering, as well as entrepreneurial expertise in food tech and cloud kitchen. He formerly worked as a director of operations at Euler Motors, where he oversaw the expansion of EV mobility services across four major Indian cities, generating threefold revenue growth.

“My goal is to make Zypp the largest and most preferred EV mobility partner for last-mile logistics to all e-commerce and CPG behemoths with highest roadshare in all tier-1 and tier-2 cities,”

said Ray.

The firm has raised $12.5 million so far from investors like 9Unicorns, Anthill Ventures, Riso Capital Fund, LetsVenture, Nanavati Family Office, We Founder Circle, Dholakia Ventures, Venture Catalysts, and IAN Fund, among others.

The Gurgaon-based startup has partnered with 50+ e-commerce and food/grocery/medicine delivery platforms and is looking to expand to 20 cities in India by the end of FY25.