Zelio E Mobility Ltd
CIN: U34102HR2021PLC096362
Our Mission
Zelio E-Mobility Limited is a 100% Indian electric vehicle manufacturer incorporated in 2021, founded by Neeraj Arya and Kunal Arya. We operate under two distinct brands: Zelio for E-2Ws and Tanga for E-3Ws.
Headquartered in Hisar, Haryana, we stand for innovative, easy-to-handle, and environment-friendly products. Every vehicle is specifically engineered for Indian road conditions rather than adapted from international designs.
Company Overview
Headquartered at Auto Market, Hisar, the company is registered with the RoC Delhi. With a paid-up capital of ₹16.53 crore, our leadership includes Kunal Arya, Niraj Arya, Deepak Arya, and others. We operate Zelio Auto Components as a subsidiary to increase localization and strengthen margins.
Products & Brands
- • Zelio (E-2W): Eeva, Gracy Pro, Mystery, XMen, Little Gracy.
- • Tanga (E-3W): Butterfly, SS, e-Loader.
- • Target: Eco-friendly travel for students, homemakers & commercial users.
Market Presence
- • 360+ Dealers across 25+ States.
- • 2 Lakh+ Happy Riders across Bharat.
- • Focused on Tier-2 & Tier-3 growth engines.
Our Directors
Competitive Strengths
Experienced Promoters
Senior management backed by an in-house sales and marketing team of 21 employees (as of August 31, 2025).
Geographically Diversified
Customer base contributing 88.99% of total revenue from top 10 geographical regions (FY25).
Financial Success
Revenue grew from ₹51 Cr (FY23) to ₹172 Cr (FY25). EBITDA margin improved from 7.84% to 12.21%.
Bharat Focus
Aggressively expanding in Tier-II and Tier-III towns across India; most recognized affordable EV brand in North & East.
Financial
Milestones
Standalone revenue grew 77% year-on-year to ₹133.3 crore. Profit after tax (PAT) climbed 69% to ₹11.8 crore, marking a significant milestone in our financial journey.
Growth Performance
"Festive unit volumes hit 13,566 units during the Diwali period, with a 74% increase in unit sales."
BSE SME Platform
Zelio successfully went public on the BSE SME platform, raising ₹78 crore at ₹136 per share. This milestone underscores our commitment to transparent growth and long-term value creation.
Usage of IPO Proceeds
- Debt RepaymentStrategic reduction of debt to strengthen balance sheet.
- Capacity ExpansionFunding Odisha and Patan manufacturing facilities.
- Working CapitalSupporting the rapid scaling of 360+ dealer network.
Manufacturing Footprint
Expanding Horizons Across India
Hisar, Haryana
Primary FacilityCurrent hub with 1,20,000+ per annum capacity.
Odisha
started operations in feb 2026Commercial operations started in Feb 2026.
Patan
Coming April 2026Commissioning target for 70% capacity boost.
Coimbatore
coming in may 2026Upcoming manufacturing facility to serve South India.
"Company is exploring opportunities for a Southern India facility subject to stabilization of Odisha and Patan plants."
Driving Future Growth
Expand Our Manufacturing Facility
Company is committed to expanding its manufacturing capabilities. For pursuing the same, land has been acquired via a 10-year lease agreement, dated February 13, 2025.
Expansion of Our Geographical Footprint
Through geographic diversification, we aim to mitigate operational risks associated with overreliance on specific regions and tap into the untapped Bharat market.
Scale Up Branding and Promotional Activities
Intend to continue marketing initiatives through regular participation in national level exhibitions, regular visits to international trade fairs, and high-impact sales & promotional videos.
Subsidiary Success
Incorporated Zelio Auto Components in May 2025 to increase localization of parts, improve cost control, and strengthen overall margins.
Strategic Differentiators
SUBSIDY INDEPENDENT
Insulated from policy volatility by operating without reliance on government EV subsidies.
PROFITABILITY FIRST
Reached profitability ahead of major peers like Ola Electric and Ather Energy.
COST-EFFECTIVE RIDE
Fuel savings can recover the scooter's cost within two years for commercial users.
CRAFTED FOR INDIA
Specifically engineered for Indian road conditions rather than adapted from international designs.
REMOVABLE BATTERY
Removable design allows charging at any standard 5-amp household socket.
LOW MAINTENANCE
Focus on slow-speed EV segment targets cost-sensitive buyers in smaller towns.
Government Initiatives
Electric Mobility 2030
The Government has reaffirmed its commitment towards EVs and its mission for 30% electric mobility by 2030.
Customs Duty Exemption
Budget announced customs duty exemption on the import of capital goods and machinery required for the manufacture of lithium-ion batteries.
FAME II Scheme
Commenced on 1st April 2019 with total support of ₹10,000 crore, focusing on 30% procurement from SMEs.
FAME India Phase-II
As of Dec 2023, EV manufacturers received a subsidy of US$ 637 million (₹5,294 Cr) for selling 1.17M+ electric vehicles.
EMPS 2024
Scheme supports 3.72 Lakh EVs, offering incentives exclusively for advanced battery-equipped vehicles.
"These initiatives collectively aim to reduce carbon footprint and accelerate the adoption of green mobility across India."
Distribution Network
Pan-India Presence
The dealer network has expanded to 360+ dealerships across 25+ states. Spanning urban, semi-urban, and Tier-2/Tier-3 markets, which represent our primary growth engine.
