Motilal Oswal Acquires 1.65% Stake in Zelio E-Mobility
Electric Scooters
21 April 2026

Motilal Oswal Acquires 1.65% Stake 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

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.

References

Zelio Team

Innovation Department

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With different battery configurations and model options, it gives buyers flexibility when choosing an electric scooter that suits their requirements. 3. Zelio X Men+: Features and Flexibility The Zelio X Men+ is another option in the brand's electric scooter lineup. It offers different lead-acid and lithium-ion battery configurations, claimed range options of 70, 100 and 120 km per charge, and features such as app connectivity. 4. Zelio LOGIX: Designed for Everyday Utility The LOGIX range offers practical electric mobility options for everyday commuting. With multiple battery configurations and claimed range options, it is worth considering for buyers looking for a convenient electric two-wheeler. 5. Zelio Mystery: A High-Speed Electric Scooter For those looking beyond low-speed electric scooters, the Zelio Mystery offers a high-speed alternative. It comes with a lithium-ion battery, a claimed range of approximately 100 km per charge and a claimed top speed of 60 km/h. Each model caters to different riding preferences, making it easier for customers to explore the Zelio range according to their needs. Explore the complete Zelio Electric Scooter Range and discover the model that suits your everyday commute. How to Find the Right Electric Scooter in India Finding the best electric scooter in India depends on more than just its price or appearance. Your daily travel distance, preferred battery type, budget and required features all play an important role in making the right choice. Before choosing an electric scooter, here are a few factors worth considering: Price and Affordability: Compare different electric scooter models and choose one that fits your budget. Battery Type: Explore lead-acid and lithium-ion battery options based on your usage and preferences. Riding Range: Consider your daily commuting distance and compare the claimed range of different variants. Features and Technology: Look for useful features such as digital displays, app connectivity and anti-theft functionality, wherever available. Comfort and Build: Consider seating comfort, design, construction and suitability for your everyday travel. After-Sales Support: Check dealer availability, service support and warranty coverage before making your purchase. If you're searching for an affordable electric scooter in India, Zelio's diverse lineup offers several options worth comparing. From everyday low-speed scooters to the high-speed Mystery, you can explore different models based on your commuting requirements and budget. Explore Zelio Electric Scooter Prices and Models Planning to buy an electric scooter? Comparing prices and battery variants is an important part of finding the right option. Zelio offers multiple models with different battery configurations and price points. The final price depends on the selected model, battery type, variant and location. You can explore the latest available prices through our Zelio Electric Scooty Price List . You can also visit our Battery Scooty Price List to compare different battery configurations and models. Take your time to explore the options, compare specifications and find a Zelio electric scooter that matches your everyday mobility needs. Stay Connected with Zelio for More Exciting Updates! The Zelio Lakhpati brought together festive excitement, customer participation and an opportunity for lucky participants to win big. While registrations are now closed, there's always something new to discover with Zelio. Follow our official Instagram handle to stay updated on the campaign winners, upcoming initiatives, new launches and the latest happenings at Zelio. And if you're planning to switch to electric mobility, don't forget to explore our complete range of electric scooters. Your journey towards smarter everyday mobility starts with Zelio. Explore our range, find your ride and stay connected for more exciting updates!

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