Delhi-NCR headquartered electric vehicle-as-a-service platform Zypp Electric has announced its financial results for FY2025. The company reported its revenue grew  50 percent from INR 3.02 billion in FY2024 to around INR 4.55 billion in FY2025.

During the period, the company crossed 100 million deliveries, with quick commerce now accounting for 47 percent of these deliveries. It also now has over 120,000 delivery partners onboard.

In terms of geography, Delhi NCR saw over 12,000 EVs, up 16 percent, Bengaluru with 5,000 EVs, up 31 percent and Mumbai with 2,400 EVs. Zypp Electric also scaled up its three-wheeler business and crossed 900 EVs in the wheeler space, catering to last-mile logistics via the driver rentals business.

Akash Gupta, Co-Founder & CEO, Zypp Electric, said, “FY2025 has been a landmark year for us. We’ve not focused much on growth but rather laid down the groundwork for a sustainable and profitable EV business. While revenue grew from INR 3.02 billion to INR 4.55 billion (pre-audited), I see a much clearer line of sight of EBITDA profitability over the next 1-2 quarters, looking at several interventions done in FY2025 for tech, team, partnerships and pushing sustainable growth levers. We continue to focus on market leadership from the existing 3 markets to more markets in the coming FY2026 while keeping a strong eye on profitability. We continue to ride the EV and Quick commerce tailwind and enable thousands of delivery partners to upgrade from ICE vehicles to EV vehicles on an easy rental plan without any high downpayment and EMI hassle backed with maintenance and charging/swapping services on their fingertips which enable them to save INR 5,000-6,000 extra over a petrol vehicle via Zypp Electric rental platform.”

Going forward, Zypp Electric aims to achieve EBITDA breakeven in the coming months.

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Pune-headquartered electric vehicle manufacturer EKA Mobility has signed an MoU with Kerchanshe Trading, a diversified business group in Ethiopia, to establish distribution, assembly and aftersales operations for EKA vehicles across East Africa.

The agreement was signed in Dubai by Dr. Sudhir Mehta, Founder and Chairman of EKA Mobility and Dr. Israel Dejene, CEO and Chairman of Kerchanshe Trading.

EKA Mobility brings expertise in electric buses, small commercial vehicles and three-wheelers. Kerchanshe Trading PLC, which works across agriculture, construction and automotive sectors, has experience in industrial operations and vehicle assembly.

The collaboration includes plans to establish a local CKD assembly plant for EKA vehicles in Ethiopia, launch distribution and service operations across Ethiopia and surrounding markets and introduce a range of electric mobility products tailored for the region.

Dr. Sudhir Mehta, Founder & Chairman, EKA Mobility, said, “Our partnership with Kerchanshe Group is a proud milestone in EKA’s journey to democratise sustainable mobility across global markets. Ethiopia, with its growing industrial base and focus on clean energy, is the ideal hub for our East African operations. Together, we aim to create not just vehicles, but a cleaner, more inclusive future for mobility in East Africa.”

Israel Degefa, CEO and President, Kerchanshe Group, added, “With this collaboration, we are laying the groundwork for a new era of electric mobility in East Africa. By combining EKA’s innovative electric vehicle technology with our local expertise in assembly and distribution, we are creating a robust ecosystem that supports green mobility, industrial growth, and job creation.”

The partnership aims to position Ethiopia as a central hub for vehicle manufacturing and clean transport in the region.

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Ather Energy, a leading electric two-wheeler manufacturer in India, has announced the Ather Service Carnival, a nationwide service initiative for its customers. The initiative is scheduled from 9^th October to 18^th October.

The carnival includes benefits across all Ather service centres to encourage customers to prepare their scooters for the festive season.

Customers receive a free 15-point vehicle health check-up, which reviews brakes, tyres, suspension and electronics. The company is also offering discounts: 10 percent off on paid labour and brake pads, 15 percent off on painted body parts and 20 percent off on polish services. Ather has over 400 service centres across the country as of 30 September 2025.

The automaker has introduced initiatives to make scooter ownership simple, including Ather Care service plans and Ather ExpressCare. The company also launched Gold Service Centres, which are facilities that provide quicker service at no extra cost to owners.

Ather Energy is also expanding its retail network. Last month, the company exceeded 500 Experience Centres (ECs) nationwide and plans to reach 700 ECs by the end of FY2026.

The company recently produced its 500,000th vehicle from its manufacturing plant. Ather operates two plants in Hosur, Tamil Nadu, for vehicle assembly and battery production, and is setting up a third facility, Factory 3.0, in Bidkin, Maharashtra.

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Indofast Energy, a provider of battery-swapping solutions, has partnered e-Sprinto, an electric two-wheeler brand, to deploy 20,000 electric two-wheelers across India by 2026.

The collaboration will integrate e-Sprinto’s vehicles with Indofast Energy’s battery-swapping network. This synergy offers delivery partners a two-minute battery swap solution, removing charging downtime. The deployment will focus on quick commerce, e-commerce and food delivery sectors by establishing infrastructure along high-demand corridors.

Anant Badjatya, CEO, Indofast Energy, said, "We are thrilled to partner with e-Sprinto, an OEM that shares our vision for a sustainable and accessible electric future. Having established ourselves as the default choice for fleet operators in battery swapping, this collaboration demonstrates our readiness to transition from B2B to B2C segments, showcasing the strength and scalability of our infrastructure. By integrating e-Sprinto's high-quality vehicles with our network, we are expanding our reach across diverse customer segments and accelerating our ambitious EV deployment targets, further solidifying our leadership in India's electric mobility revolution.”

Atul Gupta, Co-Founder and Director, e-Sprinto, said, "Our collaboration with Indofast Energy is nothing short of a game-changer for e-Sprinto and the broader EV market. Indofast Energy's extensive battery-swapping network perfectly complements our vehicles, offering customers the unparalleled convenience and efficiency. By deploying 20,000 vehicles with Indofast Energy in 2026, we are confident this partnership will make electric mobility the preferred choice for both commercial and personal transportation across India, delivering reliable, sustainable, and economically viable solutions for all."

The alliance is a step in Indofast Energy’s plan to deploy 2,750 swap stations and support 1.5 lakh vehicles by March 2026. The company’s mission is to establish 10,000 swapping points across over 40 Indian cities in the next three years. Indofast Energy has over 1,000 battery-swapping stations in 10 states and 22 cities.

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Montra Electric, the clean transport brand from the Murugappa Group, has launched the updated Super Auto electric passenger three-wheeler.

The vehicle features LED headlamps to increase visibility, and radial tubeless tyres to provide better grip, stability and lower maintenance costs. A re-engineered suspension system also aims to ensure a smoother drive.

The Super Auto now comes with Montra Electric’s in-house developed ‘One Montra Electric’ (1M) connected software platform. This provides drivers with access to vehicle performance data, charging station locations and digital features.

The vehicle offers a range of 160 km per charge and is supported by the company’s 3S (Sales, Service, Spares) network across over 120 markets. Till date, the company has sold over 13,000 units of the Super Auto in India.

Deependra Sharma, CEO (Designate), Montra Electric Last Mile (TI Clean Mobility), said, “Every new product at Montra Electric is created with a clear goal, to make electric mobility more efficient, reliable, and valuable for drivers. The all-new Super Auto reflects our engineering focus on comfort, safety, and durability, while keeping affordability intact, making clean mobility both practical and profitable for drivers and fleet operators.”

The Super Auto is available in White, Blue, and Green, and a Black Edition with decals.

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