Zelio E-Mobility, one of India’s rapidly growing electric two and three-wheeler manufacturers, has reported a strong financial performance for FY2025-26, posting an 81.8 percent year-on-year rise in revenue to ₹313.68 crore, compared to ₹172.19 crore in FY25.
The company also recorded a sharp increase in profitability, with consolidated net profit rising 75.4 percent year-on-year to ₹28.39 crore, up from nearly ₹16 crore in the previous fiscal. Zelio reported consolidated EBITDA of ₹38.01 crore, with an EBITDA margin of 12.2 percent.
The EV maker said it has maintained profitability since inception, achieving an impressive revenue CAGR of nearly 121 percent over the past four years. Revenue has grown from ₹12.89 crore in its first year of operations to over ₹313 crore in FY26.
Strengthening its market presence, Zelio expanded its dealership network to more than 400 dealers across 25 states, building one of India’s largest slow-speed EV retail networks.
The company also announced major manufacturing expansions in Odisha and Tamil Nadu, increasing its annual installed production capacity to 2,40,000 units. The expansion is expected to support the company’s aggressive growth strategy across North, East and South India.
Commenting on the performance, Kunal Arya, Managing Director of Zelio E-Mobility, said FY26 marked a transformational phase for the company.
“Crossing the ₹313 crore revenue mark reflects the growing acceptance of electric mobility across Bharat and validates our strategy of building affordable, dependable and accessible EV solutions for everyday consumers,” Arya said.
He added that Zelio’s successful transition into a publicly listed company during FY26 has further strengthened its long-term growth prospects.
The company made its stock market debut on the BSE SME platform in October 2025 after raising ₹78.34 crore through its Initial Public Offering (IPO). The public issue included a fresh issue of ₹58.84 crore and an offer for sale worth ₹15.50 crore. The IPO received an overall subscription of 1.5 times, drawing participation from both institutional and retail investors.
According to the company, investor confidence has remained strong since listing, with the stock witnessing multiple upper circuits.
Looking ahead, Zelio plans to commission its Coimbatore manufacturing plant in July 2026 to strengthen its South India presence. The Patan facility in Haryana is expected to boost its electric three-wheeler business, while the operational Cuttack plant will contribute fully during FY27.
The company has also set a target of expanding 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.
