Odysse Electric Secures Investment to Drive National Growth, Bags Order for 40,000 Vehicles
Mumbai, 26 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 HAWK Li (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 Lite V2 Lite and V2+ (waterproof motor, huge boot
- space, dual battery and led lights)
