{"id":3385,"date":"2023-09-12T16:53:05","date_gmt":"2023-09-12T16:53:05","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/zyp-raises-1-2m-in-seed-funding-launches-made-in-pakistan-electric-bikes-with-battery-swapping\/"},"modified":"2023-09-12T16:53:05","modified_gmt":"2023-09-12T16:53:05","slug":"zyp-raises-1-2m-in-seed-funding-launches-made-in-pakistan-electric-bikes-with-battery-swapping","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/zyp-raises-1-2m-in-seed-funding-launches-made-in-pakistan-electric-bikes-with-battery-swapping\/","title":{"rendered":"Zyp raises $1.2m in seed funding, launches made-in-Pakistan electric bikes with battery swapping"},"content":{"rendered":"

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Zyp Technologies, a Pakistani electric vehicles startup, announced on Tuesday that it had raised $1.2 million in seed funding led by Indus Valley Capital (IVC).<\/p>\n

\u201cWith this key investment, Zyp is driving mass-market adoption of electric mobility in Pakistan by addressing three key hurdles to adoption: high upfront cost, range anxiety and long charging times,\u201d a press release issued by the startup said.<\/p>\n

\u201cZyp achieves this through their indigenously developed product portfolio that includes purpose-built electric motorcycles, innovative battery swap stations, proprietary and patent pending battery architecture, cloud software and mobile apps,\u201d the press release added.<\/p>\n

The company said that in light of climate change and rising fuel prices<\/a> in the country, the urgency to electrify transportation \u201chas never been greater\u201d.<\/p>\n

\u201cZyp\u2019s solutions enable motorcycle fleet operators to save up to 70 per cent on fuel costs and eliminate air polluting emissions, making their operations environmentally sustainable and profitable,\u201d it added.<\/p>\n

The company said it had had achieved \u201cremarkable progress\u201d in designing and building its \u201ccomplete solution\u201d and had already established an assembly line \u201ccapable of producing up to 8,000 motorcycles annually\u201d.<\/p>\n

Describing its electric bike, it said the Zyp Utility Motorcycle 2000 was a battery-swapping electric bike engineered to be \u201cgender-neutral, focused on delivery riders, enabling comfortable day-long deliveries at a significantly reduced cost\u201d in comparison with the options available in the market.<\/p>\n

Zyp Technologies CEO and co-founder Hassan Khan said the country\u2019s electric vehicle policy<\/a> was the \u201ctriggering point which brought all founders
\ntogether\u201d, adding that upcoming governments must \u201chold and evolve the policy to reduce Pakistan\u2019s dependence on oil and to help ensure our cities have clean air once again\u201d.<\/p>\n

Meanwhile, IVC founding partner Aatif Awan said Zyp Technologies was building \u201cone of the most important products\u201d the country needed to help solve the trade imbalance and high inflation.<\/p>\n

\u201cZyp team has meticulously designed their electric motorbikes and battery swapping to perform well in the local environment, creating a remarkable indigenous solution we\u2019re proud to back,\u201d he was quoted as saying in the press release.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Zyp Technologies, a Pakistani electric vehicles startup, announced on Tuesday that it had raised $1.2 million in seed funding led by Indus Valley Capital (IVC). \u201cWith this key investment, Zyp is driving mass-market adoption of electric mobility in Pakistan by addressing three key hurdles to adoption: high upfront cost, range anxiety and long charging times,\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":3386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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