As petrol prices continue to rise in Pakistan, there’s a glimmer of hope on the horizon for eco-conscious consumers and those seeking more affordable transportation options.
Manufacturing E-motorbikes in Pakistan
Zyp Technologies, a new start-up company, has unveiled ambitious plans to manufacture 8,000 electric motorcycles in the country, with prices ranging up to Rs450,000. The company’s vision aligns with the global shift toward sustainable transportation solutions. And its initiative is expected to resonate with environmentally conscious individuals and businesses alike.
To kickstart this endeavor, Zyp Technologies secured $1.2 million in seed capital investment, with Indus Valley Capital leading the funding round. Indus Valley Capital is known for its support of early-stage ventures in the Pakistani startup ecosystem.
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Additionally, Zyp Technologies has set up an assembly line capable of producing up to 8,000 electric motorcycles annually. This strategic move not only aims to cater to individual buyers but also seeks to meet the growing demand from business customers, potentially revolutionizing the transportation landscape in Pakistan.
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