Zypp Electric, India’s largest electric vehicle logistics platform, was co-founded in November 2017 by Akash Gupta and his wife Rashi Agarwal. Originally launched as Mobycy — India’s first dockless bicycle-sharing app — the company pivoted to EV-as-a-Service for last-mile logistics and delivery, rebranding as Zypp Electric. Today, Zypp Electric CEO Akash Gupta oversees a fleet of over 10,000 electric scooters operating across major Indian cities, powering deliveries for leading platforms like Zepto, Blinkit, Zomato, Swiggy, Amazon, and Flipkart. With over 100 million deliveries completed and annual revenue surpassing INR 455 crore (~$54 million) in FY2025, Zypp Electric has established itself as a dominant force in India’s green mobility revolution.
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Akash Gupta – Quick Facts
Is Akash Gupta Still the CEO of Zypp Electric? (2026 Update)
Yes. As of March 2026, Akash Gupta remains the Co-Founder and CEO of Zypp Electric. He has led the company since its founding in November 2017 through its evolution from a bicycle-sharing app (Mobycy) to India’s leading EV logistics platform. Under his leadership, Zypp Electric completed a Series C funding round in January 2025, raising an additional $6.5 million and bringing total funding to $76.5 million. The company reported approximately INR 455 crore (~$54M) in revenue for FY2025, marking 50% year-over-year growth.
Zypp Electric Competitors
Zypp Electric operates in India’s rapidly growing electric vehicle logistics and last-mile delivery space. The key competitors of Zypp Electric include:
- Yulu – Electric micro-mobility platform for urban transport and delivery
- Alt Mobility – EV fleet management and leasing for commercial use
- Zyngo EV Mobility – Hyperlocal delivery using electric 2-wheelers and 3-wheelers
- FYN Mobility – EV-as-a-service company based in Bangalore
- UNOXpress – Last-mile logistics powered by Omega Seiki Mobility
- ETO Motors – Hyderabad-based EV logistics for e-commerce platforms
- MoEVing – Electric vehicle fleet operator for last-mile logistics
- Euler Motors – Electric commercial vehicle manufacturer for goods delivery
Zypp Electric ranks among the top 4 competitors in this space and 2nd in terms of total funding raised, with $76.5 million across 11 rounds.
Akash Gupta Net Worth 2026 – Zypp Electric CEO Salary
As of 2026, Akash Gupta’s net worth is estimated at approximately $15–30 million USD. As a co-founder with a significant equity stake in Zypp Electric, his personal wealth is closely tied to the company’s valuation. Based on Zypp Electric’s estimated valuation of $260–340 million (Series C basis), his stake value depends on his ownership percentage and dilution from successive funding rounds.
As Zypp Electric is a privately held company, Akash Gupta’s exact salary and compensation details are not publicly disclosed. Compensation for CEOs of similarly sized Indian startups typically includes a base salary, performance bonuses, and equity incentives.
Zypp Electric Financial Summary (FY2025)
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Zypp Electric CEO Email Address | Akash Gupta Contact
Below are the official contact details and social media profiles for Zypp Electric CEO Akash Gupta:
Career & Education – Company, University, & College
Akash Gupta’s career spans nearly two decades across technology, marketing, and entrepreneurship. Before founding Zypp Electric, he built extensive experience at some of India’s most prominent tech companies. Below is his complete career timeline:
Akash Gupta Career Timeline
Akash Gupta began his career as a Software Engineer at Infosys Technologies in 2005 after completing his B.Tech in Computer Science from Jaipur Engineering College. He then moved to Frost & Sullivan, a global research and consulting firm, where he gained experience in market analysis and business strategy. A stint at Dell Perot Systems further broadened his technology and consulting experience.
In 2010, Gupta joined Bharti Airtel, where he spent 4.5 years rising from Assistant Manager to Senior Manager. During this period, he played a key role in Airtel’s 4G launch and nationwide acquisition strategies. He then moved into the startup ecosystem, advising companies including Snapdeal, where he headed mobile marketing acquisitions and alliances, achieving 5x growth in daily app acquisitions.
At MobiKwik, one of India’s leading fintech companies, Gupta served first as GM Marketing before being promoted to VP & Head of Marketing. He was instrumental in positioning MobiKwik among India’s top digital payment platforms, managing both online and offline marketing initiatives. He resigned from MobiKwik in November 2017 to co-found Zypp Electric.
Education
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Akash Gupta Wiki – Age, Wife, Family & More
Zypp Electric CEO Akash Gupta (age 42) hails from Jaipur, Rajasthan. His father, Dr. Suresh Gupta, is a medical doctor, and his mother, Veena Gupta, is a homemaker. Akash was active in debate during his school years at St. Xavier’s School, Jaipur, and won a software writing competition during his college days.
Akash’s wife, Rashi Agarwal, is a co-founder of Zypp Electric and serves as its Chief Business Officer (CBO). Rashi holds an MBA from IIM Kozhikode and is a gold medalist graduate. She was also a state-level table tennis champion. Before Zypp, Rashi founded the e-commerce business LetsFlaunt.com in 2013, a fashion tech firm that became profitable from day one. The husband-and-wife team launched Zypp Electric together in November 2017 with an initial investment of INR 25 lakh, inspired by their international travels and passion for sustainable urban mobility.
Notable Achievements & Recognitions
- Financial Times High-Growth Companies Asia-Pacific 2024 – Zypp Electric topped the FT ranking with a 396% compound annual growth rate
- EMobility+ Power 100 India 2024 – Akash Gupta was recognized in the prestigious list of EV industry leaders
- BW40under40 Honoree – Named to BusinessWorld’s 40 Under 40 list
- TEDx Speaker – Delivered talks on electric mobility and entrepreneurship
- Shark Tank India Appearance – Pitched Zypp Electric on Shark Tank India during Series A stage
- 100 Million Deliveries Milestone – Zypp Electric crossed 100M deliveries, saving ~33 million kg of CO2
- Google for Startups Alumni – Selected for Google’s prestigious startup accelerator program
- Unreasonable Fellow – Recognized by the Unreasonable Group for social impact entrepreneurship
Personal Interests
Akash Gupta is a fitness enthusiast who enjoys traveling and writing. He is fluent in German in addition to Hindi and English. He frequently delivers motivational speeches at universities and startup events across India. An avid film buff, he is working toward watching all films on the IMDB Top 250 list. He also runs an Instagram page called “Kaash se Akash” documenting his entrepreneurial journey, which has attracted over 20,000 followers.
About Zypp Electric
Zypp Electric (legally Bycshare Technology Pvt. Ltd.) is India’s largest electric vehicle logistics platform, headquartered in Gurugram, Haryana. Founded in November 2017, the company has evolved from India’s first dockless bicycle-sharing app (Mobycy) into a comprehensive EV-as-a-Service platform for last-mile logistics.
Zypp Electric provides IoT and AI-enabled electric scooters on daily rental for gig delivery partners, along with battery-swapping infrastructure and technician services. The platform processes deliveries for leading e-commerce and quick commerce companies including Zepto, Blinkit, Zomato, Swiggy, Amazon, and Flipkart. In FY2025, the company also launched a proprietary SaaS fleet management platform and introduced Zypp Advertising Services as a new revenue stream.
Frequently Asked Questions (FAQ)
Who is the current CEO of Zypp Electric?
The current CEO of Zypp Electric is Akash Gupta, who co-founded the company in November 2017 alongside his wife Rashi Agarwal. Gupta has led Zypp Electric through its transformation from a bicycle-sharing startup (Mobycy) to India’s largest EV logistics platform, raising $76.5 million in total funding.
What is Akash Gupta’s net worth in 2026?
As of 2026, Akash Gupta’s net worth is estimated at $15–30 million USD, based on his co-founder equity stake in Zypp Electric. The company is valued at approximately $260–340 million following its Series C funding round in January 2025.
What is Zypp Electric CEO’s email address?
Zypp Electric CEO Akash Gupta’s email address is [email protected] (primary) or [email protected]. He can also be reached on Twitter/X at @akashthematrix and on LinkedIn at linkedin.com/in/akashg.
What did Akash Gupta do before founding Zypp Electric?
Before founding Zypp Electric, Akash Gupta served as VP & Head of Marketing at MobiKwik, one of India’s leading fintech companies. Earlier, he held roles at Bharti Airtel (where he led the 4G launch), Snapdeal, Dell Perot Systems, Frost & Sullivan, and Infosys Technologies. He holds a B.Tech from Jaipur Engineering College and an MBA from IMT Ghaziabad.
Is Zypp Electric a profitable company?
As of FY2025, Zypp Electric is not yet profitable at the net income level, reporting losses of approximately INR 107 crore. However, revenue grew 50% year-over-year to INR 455 crore (~$54 million), and the company has stated it is targeting EBITDA profitability within the coming quarters, driven by higher fleet utilization and cost optimization.
Article last updated:March 2026March 3, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including corporate websites, press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice. Net worth figures are estimates and may vary by source.