Zelio E-Mobility has reported strong financial performance for FY2025–26, posting an 81.8% year-on-year increase in revenue to ₹313.68 crore, marking the first time the company has crossed the ₹300 crore milestone. The electric two- and three-wheeler manufacturer had recorded revenue of ₹172.19 crore in FY25.
The company also registered a significant rise in profitability, with net profit growing 75.4% year-on-year to ₹28 crore, compared to around ₹16 crore in the previous financial year.
Zelio E-Mobility said the strong growth reflects its continued expansion in India’s rapidly evolving electric mobility market, supported by rising EV adoption and the company’s aggressive growth strategy across electric two- and three-wheeler segments.
The company also reported a consolidated EBITDA of ₹38.01 Crore with an EBITDA margin of 12.2%, while consolidated PAT stood at ₹28.39 Crore for FY26. Zelio has remained profitable since inception, a rare achievement in India’s EV startup ecosystem. From ₹12.89 Crore in its first year of operations to ₹313 Crore in FY26, the company has achieved an impressive ~121% revenue CAGR over four years, reflecting sustained business expansion, operational discipline, and increasing market acceptance across India.
Strengthening its national footprint further, Zelio E-Mobility expanded its dealership and distribution network to 400+ dealers across 25+ states, building one of the largest slow-speed EV retail networks in the country. During the year, the company also announced two major manufacturing facilities in Odisha and Tamil Nadu, significantly strengthening its regional manufacturing and supply chain capabilities. With these additions, Zelio’s installed production capacity is set to scale to 2,40,000 units annually, supporting the company’s aggressive growth plans across North, East, and South India.
Commenting on the performance, Kunal Arya, Managing Director, Zelio E-Mobility, said, “FY26 has been a transformational year for Zelio E-Mobility. Crossing the ₹313 Crore revenue mark reflects not only the growing acceptance of electric mobility across Bharat but also validates our strategy of building affordable, dependable, and accessible EV solutions for everyday consumers. From expanding our manufacturing footprint and dealer network to successfully transitioning into a listed company, we have laid a strong foundation for long-term growth. As we move into FY27, our focus remains on scaling responsibly, deepening market penetration, and strengthening our position across both two-wheeler and three-wheeler EV segments.”
Another major milestone during FY26 was Zelio E-Mobility’s successful transition into a publicly listed company following its IPO and BSE SME listing in October 2025. The company raised ₹78.34 Crore through the public issue, comprising a fresh issue of ₹58.84 Crore and an offer for sale of 11.4 lakh shares worth ₹15.50 Crore. The IPO witnessed an overall subscription of 1.5 times, attracting participation from both institutional and retail investors. Since listing, the company has continued to witness strong investor interest, with the stock hitting upper circuits multiple times as investor confidence strengthened around the company’s profitable and fast-scaling business model.
Looking ahead, Zelio E-Mobility is focused on accelerating growth through strategic manufacturing expansion and deeper market penetration. The company is set to commission its Coimbatore manufacturing plant in July 2026, unlocking South India as a major growth corridor, while the Patan facility in Haryana will strengthen its electric three-wheeler business with meaningful FY27 revenue contribution. Zelio also plans to deepen its East India presence through its operational Cuttack plant, which will see its first full year of contribution in FY27. Alongside this, the company aims to expand its dealer network to 550+ dealerships by the end of FY27, with focused growth across South India and the North-East region.
