What we do Zelio E-Mobility Ltd manufactures and supplies electric two-wheelers and three-wheelers under 'Zelio' and 'Tanga' brands, focusing on eco-friendly mobility. |
Founded in 2,021 |
Market share Among top three in India's slow-speed electric 2W segment with ~5% market share, selling over 70,000 units in last 3 years. |
Problem solved Provides affordable, sustainable electric mobility solutions reducing emissions, noise, and fossil fuel dependence in Bharat and urban India. |
Top clients or who we serve Serves retail consumers mainly in Tier-2 and Tier-3 Indian cities; operates via 335+ dealer network across 25+ states; B2C focus. |
Key management Managed by promoters Niraj Arya, Kunal Arya, Deepak Arya with experience spanning 5-18 years; supported by sales and marketing team. |
Our journey and innovations Incorporated 2021; launched first electric scooters in FY22; IPO raised Rs 78.33 Cr in 2025; expanded manufacturing and dealer network rapidly. |
Where we operate Primary operations in Haryana, expanding into Odisha; strong national footprint across Northern and Eastern India; pan-India dealer presence growing. |
Top products or what we offer Stylish, affordable electric two-wheelers (EEVA series) and three-wheelers (Tanga brand) designed for Indian roads and conditions. |
Top brands Zelio (electric two-wheelers) - fast-growing, profitable brand; Tanga (electric three-wheelers); both ISO certified for quality and sustainability. |
Raw materials needed Lithium-ion batteries, electric motors, steel chassis components, electronic parts, tires, and assembly machinery. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is primarily cyclical but growing steadily with rising EV adoption and scaling manufacturing capacity. |
Our industry position Profitable leader in slow-speed electric 2W segment with healthy EBITDA and PAT growth; stands out amid loss-making EV peers. |
Financial highlights FY25 revenue Rs 172.19 Cr; PAT Rs 16.01 Cr; 77% YoY revenue growth; EBITDA margin improved to 12.2%; consistent profitability since inception. |
Geographical revenue split Top states include Haryana (26%), Uttar Pradesh (12%), Gujarat (10%), West Bengal (10%), with revenues spread across 25+ states. |
Order book - |
Whats driving growth Demand for affordable electric mobility in smaller cities, expanded dealer network, improved localization, government incentives, and growing manufacturing capacity. |
Our future plans Establish new manufacturing unit in Odisha, increase production to 120,000 units p.a., expand dealer network beyond 500, and deepen market penetration. |
Our green promise ISO 14001:2015 certification; focus on lower emissions, noise reduction, and supporting sustainable electric vehicle adoption. |
Our people and values Employee base of 190+; culture emphasizes innovation, sustainability, and inclusive growth aligned with Atmanirbhar Bharat mission. |
Key challenges ahead Supply chain localization, scaling manufacturing efficiently, competitive EV market dynamics, and regulatory changes. |
Interesting facts One of few profitable EV companies in India; achieved 124% PAT CAGR since 2023; rapid dealer network growth over 3x since FY21. |
Risks and strategy Risks from import dependence and competition mitigated via vertical integration and localization; strategy focuses on scalable, affordable electric mobility. |
