Motilal Oswal Invests in Zelio E Mobility

We have exciting news to share with every Zelio rider, dealer partner, and supporter:

Motilal Oswal Financial Services, one of India’s most respected financial institutions, has acquired a 1.65% stake in Zelio E-Mobility for a total consideration of Rs 9.8 crore. This is more than a transaction. It is a powerful statement of trust in where Zelio is headed – and in the future of electric mobility in India.

The Deal at a Glance

Motilal Oswal Financial Services acquired 3.5 lakh shares of Zelio E-Mobility at a price of Rs280 per share, as recorded in BSE exchange data.

As per the latest data of 6-Mar-2026, Zelio’s shares were trading at approximately 393 – up around 40% – reflecting strong and sustained market interest. Zelio E-Mobility’s market capitalisation stood at Rs 832 crore (as on 6-Mar-2026), underlining investors confidence.

From IPO to Institutional Confidence: Our Journey

Zelio E-Mobility completed its SME IPO in late 2025, raising Rs 78.34 crore – comprising a fresh issue of Rs 58.84 crore and an offer for sale of 11.4 lakh shares worth Rs 15.50 crore. The IPO was subscribed 1.5 times, drawing participation from both institutional and retail investors.

Our shares debuted on October 8, 2025, at Rs 154.90 – a 13.9% premium over the issue price. Since listing, the stock has more than doubled from that level, a trajectory that reflects the market’s confidence in Zelio’s fundamentals and long-term potential.

Motilal Oswal’s entry as an institutional stakeholder now adds a marquee financial name to Zelio’s growing shareholder base.

Strong Numbers Backing Zelio Story

Following our IPO, Zelio E-Mobility posted outstanding results:

H1 FY26 (Post-IPO):

Consolidated Revenue: Rs 134.78 crore
Profit After Tax: Rs 11.87 crore
Standalone Revenue growth: 77% year-on-year to Rs 133.3 crore
Standalone PAT growth: 69% year-on-year

Full Year FY25:

Revenue: Rs 172 crore
EBITDA: Rs 21 crore
Profit After Tax: Rs 16 crore
Net Worth: Rs 26.67 crore

Year after year, Zelio has been doubling its growth – and these numbers are a testament to the hard work of our teams, the trust of our dealers, and the loyalty of our customers across India.

Why This Investment Matters

Founded in 2021 and headquartered in Haryana, Zelio E-Mobility entered a crowded market with a clear focus: deliver reliable, affordable, and practical electric vehicles for everyday Indians.

The Motilal Oswal stake acquisition is a validation of that focus. When one of India’s most credible financial services firms chooses to invest in a company, it signals several things:

Confidence in the business model – our revenue and profit trajectory is real and sustainable.
Belief in the EV sector – India’s electric vehicle revolution is no longer a future story; it is happening right now.
Recognition of Zelio’s positioning – as a Bharat’s EV maker with consistent growth, a wide product range, and a pan-India dealer network, Zelio is well-placed to scale.

India’s electric two-wheeler and three-wheeler segment is among the fastest-growing in the world. Government policy, rising fuel costs, environmental awareness, and improving EV infrastructure are all converging to accelerate adoption. Zelio is riding this wave – not just as a participant, but as a manufacturer delivering vehicles that make EV ownership accessible to millions. This institutional confidence, reflected in Motilal Oswal’s investment, is a reminder that the best chapters of India’s EV story – and Zelio’s story – are still ahead.

Thank You - To Every Rider and Partner

https://zelioebikes.com/what-is-battery-scooty/Every Zelio customer who has chosen an electric future, every dealer who has partnered with us, and every team member who has worked to build this company – this milestone belongs to you as much as it does to us.

We remain committed to building world-class electric vehicles that India deserves, and to growing Zelio into a name that every Indian household trusts. And perhaps nothing captures our journey better than the words of our own customers – across villages, towns, and cities, people proudly call their Zelio their “battery scooty”. That simple, affectionate name tells us we’re not just selling vehicles; we’re becoming a part of everyday Bharat’s life.

From the lanes of Haryana to the streets of small-town India, Zelio is quietly, steadily becoming Bharat’s favorite battery scooty brand – and that is the milestone we are most proud of.

The road ahead is electric. And we’re just getting started.