Industrial Automation Magazine India

8% of Zypp Pilots now earn over ₹50,000 per month, a 50% increase since March

5% of three-wheeler pilots have exceeded ₹80,000 in monthly earnings.

New Delhi, 2nd July, 2024 – Zypp Electric, India's leading tech-enabled EV-as-a-service platform, announces significant advancements in the earnings of its gig workforce. This surge in earnings underscores Zypp Electric's commitment to empowering its delivery partners through sustainable and lucrative earning opportunities and elevating their living standards.

The average age of Zypp Pilots, primarily EV riders, stands at 27 years. In a remarkable achievement, 8% of these pilots now earn over ₹50,000 per month, reflecting a 50% increase from March. Additionally, 14% of Zypp Pilots have seen their monthly earnings rise to ₹40,000 and ₹50,000, an impressive 81% jump from the previous count in Mar'24. Overall, 35% Zypp Pilots are earning more than ₹24,000 per month, showcasing the consistent growth in income for Zypp's dedicated workforce.

The earnings for Zypp's three-wheeler pilots have also shown significant improvement. Notably, 5% 3W pilots have exceeded the ₹80,000 per month mark, while 30% pilots have surpassed ₹50,000 in monthly earnings. These figures highlight Zypp Electric's successful efforts to enhance earning potential across its diverse fleet of EV operations.

City-specific data further emphasises the regional success of Zypp Electric's initiatives. Bangalore leads with the highest number of high-earning pilots. Meanwhile, Delhi stands out with the highest number of pilots earning between ₹40,000 and ₹50,000.

In addition to the financial benefits, Zypp Electric offers a range of incentives to its delivery partners. For those with 0-3 months of service, there is a better earning opportunity along with insurance. Between 3 to 6 months, pilots receive goodies, along with extra discounts on services. As they reach the 6 to 9-month milestone, they become eligible for gold category privileges, movie tickets, family insurance, and Zypp-verified on-demand rides. After surpassing 12 months, they are rewarded with options like special helmets, dinner with the founders, movie tickets, an internal job posting (IJP), and other exclusive benefits. The benefits increase as they spend more time of the platform.

Akash Gupta, Co-Founder and CEO of Zypp Electric shared his thoughts on these achievements: "The big satisfaction we get in building Zypp is what we're enabling for our over 25,000+ monthly active delivery pilots who earn via the Zypp platform. We are thrilled to see such significant growth in the earnings of our pilots. This reflects the increasing adoption of electric vehicles by delivery partners and underscores our commitment to providing sustainable and profitable earning opportunities. Our pilots are the backbone of our operations, and their success is a testament to their hard work and our shared vision for a greener, more prosperous future. We also aim to make delivery gig jobs more respectable and aspirational, considering the expanding market and delivery segment in India. If more youth & women in their 20s can see delivery jobs as viable earning opportunities, it could be a game changer, helping elevate their living standards with the right policies in place."

Zypp Electric is also keen to partner with NGOs, and agencies to onboard women & specially abled delivery partners to empower them with the earning opportunity and increase 25,000 to 10X of current gig worker strength in next two years. Recently, Zypp Electric announced the kick-off of its Series C funding round last month, raising $15 million and registering a revenue of INR 325 crore in FY23-24. The company's environmentally friendly initiatives have significantly reduced 31 million kilograms of carbon emissions since the start of its operations.

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