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Electric two-wheeler and three-wheeler manufacturer Zelio E-Mobility has announced its audited financial results for FY2025-26, reporting a strong performance with total revenue rising 81.8% year-on-year to ₹313.68 crore. The company’s revenue stood at ₹172.19 crore in FY25, marking a significant leap as it continues to strengthen its position in India’s rapidly growing electric mobility market.
During FY26, Zelio reported a consolidated EBITDA of ₹38.01 crore with an EBITDA margin of 12.2%, while consolidated Profit After Tax (PAT) stood at ₹28.39 crore. The company remains one of the few profitable EV startups in India, having maintained profitability since its inception. From revenue of ₹12.89 crore in its first year of operations to more than ₹313 crore in FY26, Zelio has achieved an impressive revenue CAGR of approximately 121% over the past four years.
Expanding its national footprint, the company has built a network of over 400 dealerships across more than 25 states, making it one of the largest slow-speed EV retail networks in the country. During the financial year, Zelio also announced two new manufacturing facilities in Odisha and Tamil Nadu, aimed at strengthening its regional production and supply chain capabilities. With these additions, the company’s annual production capacity is expected to reach 240,000 units.
Commenting on the performance, Kunal Arya, Managing Director of Zelio E-Mobility, said FY26 was a transformational year for the company. He noted that crossing the ₹313 crore revenue mark reflects the growing acceptance of electric mobility across India and validates the company’s strategy of offering affordable, reliable, and accessible EV solutions. He added that Zelio will continue to focus on responsible growth while strengthening its presence in both the electric two-wheeler and three-wheeler segments.
FY26 also marked a major milestone for the company with its successful IPO and listing on the BSE SME platform in October 2025. Zelio raised ₹78.34 crore through the public issue, including a fresh issue of ₹58.84 crore and an offer for sale of 11.4 lakh shares worth ₹15.50 crore. The IPO was subscribed 1.5 times, attracting participation from both institutional and retail investors.
Looking ahead, Zelio E-Mobility plans to commission its new manufacturing facility in Coimbatore in July 2026, further strengthening its presence in South India. The company also expects its Patan facility in Haryana to drive growth in the electric three-wheeler segment. Zelio aims to expand its dealership network to more than 550 outlets by the end of FY27, with a strong focus on South India and the North-East region as part of its next phase of growth.
