India, June 22 -- EV logistics startup Zypp Electric is gearing up for a public market debut and is looking to raise up to $200 Mn (about Rs.1,890 Cr) via an initial public offering (IPO) within the next 18-24 months. The startup has roped in Axis Capital, SBI Capital Markets and DAM Capital to manage the proposed offering.

Prior to initiating the public listing process, Zypp is looking to raise a funding round in the range of $40-50 Mn, cofounder and CEO Akash Gupta told Inc42. Without naming the investors, Gupta added that investors partaking in the funding round would be private equity firms and impact-focused funds.

Ahead of its listing, Gupta said that Zypp is focusing on strengthening its governance, compliance and financial repor...