Indian two-wheeler electric vehicle (EV) brand Odyssey Electric has secured investment from Zip Electric to accelerate its national expansion. This also includes an order for delivery of 40,000 electric vehicles over the next three years. The deal highlights the rapid growth and potential of electric mobility in India.
This investment is expected to significantly boost the B2B penetration of Odyssey Electric along with expanding the dealership network across the country. By increasing production and expanding delivery capabilities, Odyssey aims to expand its production to meet the growing demand for clean and efficient mobility and delivery options in the personal space as well as in the last-mile delivery space in both urban and rural areas. Capacity has to be increased.
Commenting on the agreement, Mr. Nemin Vora, CEO of Odyssey Electric, said, “We are thrilled to welcome this strategic partnership with Zip Electric. The new investment in Odyssey Electric marks an important moment as we strive to build a cleaner, greener India. His deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion plans, underscoring the strong B2B and consumer demand for electric vehicles. We look forward to revolutionizing India’s transportation and logistics landscape.”
Akash Gupta, co-founder and CEO of Zip Electric, said, “Zip looks to deploy 200,000 EVs in the market over the next 2-3 years to decarbonize last mile delivery. Our investment in Odyssey Electric reflects our confidence in the brand’s vision, product quality and growth trajectory in India’s electric mobility sector. Odyssey’s commitment towards superior quality of EVs and ability to adapt to Zip’s long-term needs is in line with our principles, and we look forward to this journey of redefining mobility and enhancing last mile delivery across various cities in India and beyond. I am thrilled to partner with them.
This agreement represents an important milestone for Odyssey Electric as it continues to champion sustainable transportation across India.
