Mumbai, 18 November 2024: Odysse Electric, the Indian two-wheeler electric vehicle (EV) brand, has secured an investment from Zypp Electric to accelerate its national expansion. This also includes an order for 40,000 electric vehicles to be delivered over the next three years. The deal highlights the rapid growth and potential of electric mobility in India.
This investment is expected to significantly bolster Odysse Electric’s B2B Penetration along with expanding dealership network across the country. By increasing production and enhancing distribution capabilities, Odysse aims to increase its production capacity to meet the rising demand for clean and efficient mobility and delivery options in personal space as well as booming last-mile delivery space in both urban and rural areas.
Mr. Nemin Vora, CEO of Odysse Electric, commented on the agreement, saying, ” We are thrilled to welcome this strategic partnership with Zypp Electric. The new investment in Odysse Electric signifies a pivotal moment as we strive to create a cleaner, greener India. Their deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion plans underscoring the robust B2B and consumer demand for electric vehicles. We are eager to revolutionize India’s transportation and logistics landscape.”
Akash Gupta, Co-founder & CEO, Zypp Electric stated, “Zypp wishes to deploy 200,000 EVs in the market over next 2-3 years to decarbonize last mile delivery. Our investment in Odysse Electric reflects our belief in the brand’s vision, product quality and growth trajectory in India’s electric mobility sector. Odysse’s commitment to better quality of EVs and ability to customize to Zypp’s long term requirements aligns with our principles, and we are thrilled to partner with them on this journey to redefine mobility and scale last mile deliveries in various cities of India & beyond.”
This agreement represents a significant milestone for Odysse Electric as it continues to champion sustainable transportation across India.
Established in 2020, Odysse Electric is at the forefront of reshaping India’s electric vehicle landscape. Odysse Electric offers one of the largest product portfolios, comprising 7 models which includes 2 low-speed scooters, 2 high-speed scooters, a delivery scooter targeted to B2B segment, an EV sports bike, and a commuter bike for daily users. The product range includes: –
- Electric motorcycle Vader (with 7” Touchscreen Android Display, AIS-156 approved battery, five drive modes, 18-liters storage space, Robust build)
- Electric bike EVOQIS (with four drive modes, keyless entry, anti-theft lock and motor cut-off switch)
- Latest addition of High-Speed Electric scooter SNAP (AIS 156 approved smart Portable Battery, waterproof motor, Distance to Empty & CAN enabled display)
- High Speed Electric scooter HAWKLi (India’s first electric scooter with cruise control & Music system along with portable battery)
- Low Speed – E2Go Lite, E2go+ and E2GO Graphene (electric scooter with portable battery, USB charging, digital speedometer and keyless entry)
- Low speed electric scooter Racer LiteV2 Lite and V2+ (waterproof motor, huge boot space, dual battery and led lights)
