Zelio E-Mobility
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Zelio’s planned ₹168 crore raise will fund expansion from 400+ to 550+ dealerships by FY27 while scaling its Haryana three-wheeler plant.Reported: Zelio E-Mobility plans ₹168 crore raise to expand dealer network and Haryana plant. The EV maker proposes a preferential issue of equity shares and warrants to fund pan-India distribution growth and development of its Haryana three-wheeler plant. Zelio targets 550+ dealerships by FY27, up from 400+ dealers across 25+ states.Watch: Quarterly dealer additions versus the 550+ FY27 target, along with active-dealer and sales-per-dealer metrics.
- Reported: Zelio's four-plant footprint and 25-state dealer ambition make it a rising EV two-wheeler consolidation or partnership candidate in south India.Reported: Zelio E-Mobility opens Coimbatore plant, lifts annual capacity to 2.4 lakh units. Backed by 81.8% YoY revenue growth to ₹313.68 crore in FY26, Zelio is chasing south India dealer penetration with a 550-dealership target across 25 states.Watch: Monthly plant utilization vs 2.4 lakh capacity.
Background
From 5 stories, the newest dated 26 Sept 2026. Summary written 4 Oct 2026.
Zelio E-Mobility is an electric-vehicle maker listed on the BSE SME platform. [1] source: Inc42
Show 2 more paragraphs and 5 sources
It makes electric two-wheelers and is developing a three-wheeler plant in Patan, Haryana. [2] source: Outlook Business[3] source: ET Small Business The company has 400-plus dealers across 25+ states. [2] source: Outlook Business It set up a subsidiary, Zelio Auto Components, in May 2025. [1] source: Inc42
Zelio reported FY26 standalone PAT of ₹28 Cr, up 75% year on year, on revenue of ₹303.5 Cr, up 76% year on year, Inc42 reported in May 2026. [1] source: Inc42 Consolidated revenue was ₹310.7 Cr. [1] source: Inc42 In July 2026 it opened an electric two-wheeler plant in Coimbatore, raising total capacity to 2.4 lakh units across four facilities. [3] source: ET Small Business In September 2026 it proposed a ₹168 crore preferential issue of up to 9.73 lakh equity shares and up to 9.96 lakh convertible warrants, priced at ₹853 each. [4] source: The Hindu BusinessLine Of the price, 25% is payable upfront and 75% on conversion, which is permitted within 18 months. [4] source: The Hindu BusinessLine The money is meant for pan-India expansion, distribution and the Haryana three-wheeler plant. [4] source: The Hindu BusinessLine Zelio aims to grow from 400-plus dealers to more than 550 dealerships by FY27. [4] source: The Hindu BusinessLine Its shares gained 23.96% to ₹1,056.90 in Inc42's weekly roundup of 26 September 2026. [5] source: Inc42
Sources
Questions about Zelio E-Mobility
What are Zelio E-Mobility's expansion plans?
Zelio E-Mobility opened a plant in Coimbatore in July 2026 and, in September 2026, planned a ₹168 crore raise to expand its dealer network and develop its Patan, Haryana three-wheeler plant. [3] source: ET Small Business[4] source: The Hindu BusinessLine[2] source: Outlook Business
Where and when is Zelio E-Mobility opening new stores?
Zelio E-Mobility opened its electric two-wheeler plant in Coimbatore in July 2026, raising its total capacity to 2.4 lakh units across four facilities. [3] source: ET Small Business
How fast is Zelio E-Mobility growing in India?
Zelio E-Mobility reported FY26 standalone revenue of ₹303.5 Cr, up 76% year on year, and PAT of ₹28 Cr, up 75% year on year. [1] source: Inc42
What is Zelio E-Mobility's current strategy in India?
Zelio E-Mobility set up subsidiary Zelio Auto Components in May 2025 and opened a Coimbatore plant in July 2026. In September 2026 it proposed a ₹168 crore preferential issue and aimed to grow from 400-plus dealers to more than 550 dealerships by FY27. [1] source: Inc42[3] source: ET Small Business[4] source: The Hindu BusinessLine
Stories that mention Zelio E-Mobility
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Zelio E-Mobility is named in these stories but is not their subject.