UAE – Mubasher: UAE-based VC fund Shorooq Partners has led a $1.50 million pre-Series A round in Pakistan’s mobility startup Zyp Technologies, according to a press release.

The fundraising transaction also included Indus Valley Capital and several angel investors.

Zyp Technologies will use the funding to create more than 60 battery swap stations and deploy 1,000 of its Zyp Utility Motorcycles (ZUM 2000) in the next 12 months

The launch aligns with Pakistan's National Electric Vehicle Policy, which aims for electric vehicles to account for 30% of all vehicles sold in the country by 2030.

Zyp’s solutions allow motorcycle fleet operators to make their operations environmentally sustainable while reducing Pakistan’s dependence on oil.

Hassan Khan, Co-Founder and CEO of Zyp Technologies, commented: "Zyp is removing affordability barriers for high-quality electric vehicles designed specifically for Pakistan’s tough environment, where extreme temperatures and bumpy roads abound."

Omer Zabit, Principal at Shorooq Partners, said: "Our investment in Zyp Technologies will drive significant environmental and economic benefits for Pakistan in the long term by addressing some of the challenges that delivery companies and the mobility industry typically face. We see this as an opportunity to support more sustainable innovations in emerging markets.”

Zyp has established an assembly line capable of producing up to 12,000 electric motorcycles annually, with plans for the mass release of motorcycles in multiple other Gulf nations, notably the UAE in 2025.