Zyp Technologies has raised $1.5 million in pre-Series A funding led by Shorooq Partners to enable a city-wide launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan, marking a pivotal step towards meeting the nation’s ambitious environmental goals. Existing investor Indus Valley Capital doubled down in this round, joined by several angel investors.
With this investment, Zyp will create over 60 battery swap stations and deploy 1000 of its Zyp Utility Motorcycles (ZUM 2000) in the next 12 months. The smart motorcycles have fleet management software capabilities that include accident alerts, anti-theft features, and location tracking.
Read more on Wamda.
