Readily Mobility Solutions Private Limited on Tuesday announced that it has begun the process of converting into a public company, marking a key step toward a proposed Initial Public Offering (IPO) as it looks to scale its position as India’s leading clean-energy aftersales platform.
The company is evaluating an IPO of approximately ₹100 crore, with a proposed valuation in the range of ₹700–750 crore. The final size and valuation of the issue will be subject to market conditions, regulatory approvals and discussions with its advisors.
As part of preparations for life as a listed entity, Readily Mobility is strengthening its governance and leadership framework. The company plans to expand its Board of Directors with the induction of Shivani Agarwal and Smiriti Makharia as full-time directors, adding strategic, financial and execution expertise to the leadership team. It has also appointed Advocate Jash Dalia as legal counsel to advise on the conversion into a public company, the IPO process and ongoing compliance requirements.
Founded with a focus on electric-vehicle aftersales services, Readily has diversified rapidly into solar commissioning and operations and maintenance (O&M). The company currently has an executed and ongoing commissioning portfolio of around 700–800 MW across utility-scale as well as commercial and industrial solar projects.
Leveraging national programmes such as the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), which promotes decentralised solar solutions for agriculture and small power producers, Readily is now expanding into the B2C and small-scale rooftop solar segments. The move is aimed at tapping into India’s fast-growing distributed solar market.
By integrating EV aftersales services, solar O&M and upcoming B2C rooftop offerings under a technology-driven, asset-light model, the company aims to create a differentiated clean-energy aftersales platform catering to original equipment manufacturers (OEMs), fleet operators, farmers and households.
The proposed IPO is expected to provide growth capital to support network expansion, technology investments and deeper participation in government-led initiatives such as PM-KUSUM and rooftop solar programmes, aligning with India’s broader push toward sustainable mobility and clean energy adoption.
