Pakistani start-up Zyp Technologies has successfully raised $1.2 million in seed capital investment led by Indus Valley Capital. The company is set to launch its electric bike, the Zum 2000 model, shortly.
The electric motorcycle is designed to be gender-neutral and aims to cater to delivery riders, offering cost-effective day-long deliveries.
Although there was a delay in the launch due to licensing paperwork, Zyp Technologies has established an assembly line capable of producing up to 8,000 motorcycles annually.
The company plans to introduce the e-bike in the UAE and other Gulf countries in 2025.
Key Features of Zum 2000 Electric Bike:
- Variety of Models: Zyp Technologies will launch three models of the e-bike, with an estimated retail price range of $750-$800 (Dh2,750- Dh2,935; Rs225,000-Rs240,000) upon release.
- Range and Speed: The bike offers an average range of 70km and can extend up to 85km in Mode 1. It has a speed limit of 40km per hour.
- Battery and Load Capacity: The e-bike has a 1.8KWh battery capacity and can carry loads of up to 240kg.
- Features: It features front and rear brake disks, a smart mobile app, GPS tracking, an anti-theft alarm, 17-inch wheels, and three-person seating.
Vision and Government Support:
Hassan Khan, co-founder and CEO of Zyp Technologies, expressed the company’s commitment to creating innovative and visually appealing electric vehicles.
He highlighted the role of the Pakistani government’s Electric Vehicle (EV) Policy in motivating the founders to initiate the project.
The policy aims to reduce Pakistan’s dependence on oil and improve air quality in cities.
Zyp Technologies’ investment and electric bike launch signify a significant step in Pakistan’s emerging electric vehicle market, aligning with global efforts to promote sustainable transportation solutions and reduce carbon emissions.
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