Odysse to Supply 40,000 EVs to Zypp in Strategic Investment Deal, Says CEO Nemin Vora

Odysse Electric, a prominent city-based manufacturer of electric two-wheelers, has secured a major order from Zypp Electric, an EV-as-a-Service platform. This order involves the supply of 40,000 electric vehicles over the next three years, marking a significant partnership between the two companies.

Investment Deal Strengthens Odysse Electric’s Market Position

The deal is part of an investment agreement that will not only boost Odysse Electric's B2B market presence but also assist in the expansion of its dealership network across the country. While the exact details and value of the investment have not been disclosed, this collaboration is expected to strengthen Odysse's position in the growing electric vehicle sector.

Impact on Odysse Electric’s Expansion Plans

The 40,000 vehicles will be supplied over the next three years, a period during which Odysse Electric plans to ramp up production and enhance distribution capabilities. According to Nemin Vora, the CEO of Odysse Electric, this partnership marks a crucial milestone for the company. He emphasized the importance of Zypp Electric's industry expertise, stating that Zypp’s fleet electrification vision would play a key role in accelerating Odysse Electric’s nationwide expansion. The deal highlights the increasing demand for electric vehicles, both in the consumer and B2B segments.

Boosting Production Capacity and Meeting Rising Demand

Odysse Electric aims to increase its production capacity to meet the growing demand for clean, efficient mobility and delivery options. The company has set its sights on addressing the booming last-mile delivery market, both in urban and rural areas. The partnership with Zypp Electric is seen as an opportunity to enhance the availability of electric two-wheelers in the delivery sector, which is growing rapidly due to the demand for eco-friendly transportation solutions.

Odysse Electric’s Product Portfolio and Market Focus

Founded in 2020, Odysse Electric has developed a diverse range of electric two-wheelers. The company’s portfolio includes seven e-scooter models, which cater to various segments. These include low and high-speed scooters, delivery scooters specifically designed for B2B use, an EV sports bike, and a commuter bike for daily users. Odysse’s broad product offerings are aimed at addressing both personal mobility needs and the demand for last-mile delivery vehicles in a rapidly evolving market.

Zypp Electric’s Vision for EV Deployment

Zypp Electric, a key player in the EV-as-a-Service space, is on a mission to deploy 200,000 electric vehicles over the next 2-3 years to decarbonize last-mile delivery operations. Akash Gupta, Co-founder and CEO of Zypp Electric, emphasized that Odysse Electric’s commitment to producing high-quality EVs and its ability to customize vehicles to meet Zypp’s long-term needs aligns with Zypp's environmental and business goals.

Future Prospects for Odysse Electric and Zypp Electric

Both companies are poised to play a significant role in transforming the Indian electric vehicle landscape. As demand for electric mobility increases across the country, the partnership between Odysse Electric and Zypp Electric is set to create new growth opportunities. With an expanded fleet of electric vehicles and a robust B2B strategy, both companies aim to drive the future of clean and sustainable transportation in India.

The collaboration will likely position Odysse Electric as a leading supplier in the growing EV sector, helping to address challenges like pollution, urban congestion, and the need for affordable and efficient delivery solutions in both urban and rural areas.