Zyp Technologies, a promising startup, has emerged with a ground-breaking concept against the backdrop of Pakistan’s rising fuel costs.
As Pakistan suffers from rising fuel prices, this project couldn’t have come at a better time. These electric motorbike are a lifeline for fleet owners as the threat of climate change grows and fuel prices approach record highs. By decreasing air pollution, they can save up to 70% on gas costs while also promoting environmental sustainability.
This startup has set high objectives to produce 8,000 electric motorbikes domestically at the enticing beginning price of Rs. 450,000.
Zyp Technologies has received $1.2 million in seed funding from Indus Valley Money, an early-stage venture capital fund devoted to assisting Pakistani entrepreneurs, to realize this objective.
They have also built a state-of-the-art production line that can produce up to 8,000 electric motorbikes annually, satisfying the needs of both enterprises and individual customers.
Prices for these electric motorcycles are expected to vary from Rs150,000 to Rs450,000 and they will be available in a wide variety of configurations. Zyp Technologies also has a bold plan to build 4,000 charging stations across the country.