Zypp Electric Targets $200 Mn IPO by FY28

Zypp Electric plans a $200 Mn IPO within 18-24 months, targeting a listing in FY28. The EV logistics startup hired Axis Capital, SBI Capital Markets, and DAM Capital to manage the offering. Before the IPO, Zypp will raise a $40-50 Mn funding round from private equity and impact funds.