March 5, 2026 | Haryana, India: Zelio E-Mobility Ltd., a rapidly expanding electric two- and three-wheeler manufacturer, has attracted strong institutional interest as Motilal Oswal Financial Services acquired a 1.65% stake in the company.
According to exchange data, Motilal Oswal purchased 3.5 lakh shares at ₹280 per share, amounting to a total consideration of ₹9.8 crore. Following the transaction, Zelio’s stock surged nearly 10% in early trade, reaching ₹338 per share, with a market capitalisation of ₹716 crore.
IPO & Market Performance
- Zelio E-Mobility raised ₹78.34 crore through its IPO in October 2025.
- Fresh issue: ₹58.84 crore.
- Offer for sale: 11.4 lakh shares worth ₹15.50 crore.
- The IPO was subscribed 1.5x overall, with strong participation from institutional and retail investors.
- Shares debuted at ₹154.90 on October 8, 2025, at a 13.9% premium over the issue price, and have maintained an upward trajectory since listing.
Financial Highlights
- H1 FY26 (post-IPO reporting cycle):
- Consolidated revenue: ₹134.78 crore.
- Profit after tax: ₹11.87 crore.
- Standalone revenue: ₹133.3 crore, up 77% YoY.
- Standalone PAT: ₹11.87 crore, up 69% YoY.
- FY25:
- Revenue: ₹172 crore.
- EBITDA: ₹21 crore.
- Profit after tax: ₹16 crore.
- Net worth: ₹26.67 crore.
Product Portfolio
Zelio offers one of the most comprehensive EV lineups in India:
- Electric Two-Wheelers (Zelio brand):
- Low-speed models: X Men, X Men 2.0, Gracy i, Gracy+, Gracy Pro, Little Gracy, Eeva, Eeva ZX+, Legender, Logix cargo scooter.
- High-speed model: Mystery.
- Electric Three-Wheelers (Tanga brand):
- Tanga Butterfly, Tanga Fine – catering to commercial and last-mile mobility markets.
Dealer Network & Expansion
- Strong dealer network of 350+ outlets across 20+ states and union territories.
- Expanding footprint across urban and emerging markets.
- Consistent profitability, rapid growth, and diverse product lineup have strengthened investment appeal and reinforced Zelio’s position as a rising player in India’s EV ecosystem.
About Zelio E-Mobility Ltd.
Founded in 2021 and headquartered in Haryana, Zelio E-Mobility Ltd. is committed to engineering vehicles that drive India toward a sustainable future.
- Offers sturdy, stylish, and comfortable e-scooters in vibrant colours.
- Known for powerful features, excellent mileage, and user-friendly design.
- Backed by 300+ dealers nationwide and a strong R&D focus.
- Dedicated to delivering eco-friendly, easy-to-handle vehicles supported by reliable customer service.
🌐 Website: www.zelioebikes.com
