Zypp Electric raises $1 million in debt funding from Northern Arc; becomes 1st EV logistics player to turn EBITDA positive
Zypp said through its continuous efforts to invest and strategize towards #MissionZeroEmission, has become the first EV logistics player to turn EBITDA positive business while also recording a 5x revenue annually.
"Being EBITDA positive is also a crucial parameter to foresee Zypp’s growth. As a growing start-up, the company has planned its cash-flow very tightly to meet the investor’s expectations and gain users’ trust," Zypp said in a statement. Pic: Company