As in India and elsewhere in Asia, two- and three-wheelers dominate the roadways of Pakistan. The country of 235 million people has 27 million registered two-wheelers and a million registered three-wheelers.
Zyp Technologies in Lahore makes electric two-wheelers and runs a network of battery swapping stations for its bikes’ users. The company raised $1.5 million in early-stage funding from Shorooq Partners and Indus Valley Capital to get 1,000 of its e-motorbikes and 60 charging stations onto Pakistan’s roadways within the next 12 months.
Zyp’s manufacturing facility can produce 12,000 bikes per year. Its early sales strategy focuses on larger customers that buy in bulk, such as medical diagnostics company Chughtai Lab and courier company TC
EV incentives
Pakistan’s government wants half of its smaller vehicles to be electric by 2030. Legislation providing tax incentives for EV imports and EV-component imports has been in place since 2019, though the current pace of adoption will make it difficult to reach the 2030 target.
Other EV startups in the country include e-motorcycle makers Evee and Metro Electric Bikes, battery manufacturer Atlas Battery, and e-bike sharing service ezBike.
