Zelio E-Mobility Ltd.
BBSE:ZELIO1,019.85
INR
-20.80
(-2.00%)
Zelio E-Mobility Ltd.
BSE:ZELIO
(Bombay Stock Exchange)
Recent
price
1,019.85
P/E
ratio
20.81
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Zelio E-Mobility Ltd. designs, manufactures, assembles, and markets electric two-wheeler and three-wheeler vehicles for urban commuters, commercial logistics operators, and passenger transport providers in India. The company operates through two primary brand divisions: Zelio, encompassing low-speed and high-speed electric scooters; and Tanga, encompassing passenger and cargo electric three-wheelers. Its electric two-wheeler product portfolio includes entry-level and commuter scooters such as the Eeva and Little Gracy; mid-range models such as the Gracy, Gracy i, and Gracy Pro; performance and sport-styled variants such as the Mystery and X-Men 2.0; premium models under the Legender and Legender+ lines; and purpose-built commercial vehicles such as the Logix cargo scooter designed for last-mile delivery fleets. Its electric three-wheeler portfolio includes passenger e-rickshaws such as the Tanga Butterfly and Tanga SS, as well as cargo platforms such as the Tanga e-Loader. The company supplies vehicles equipped with lead-acid and lithium-ion battery configurations, alongside offering replacement battery packs, spare parts, and after-sales maintenance services. Zelio E-Mobility targets individual commuters, commercial delivery operators, and passenger transit drivers across Tier-2, Tier-3, and rural regions through a multi-state network of authorized dealerships and service centers. Founded in 2021, the company is headquartered in Hisar, Haryana, India. In recent developments, the company completed an initial public offering and listed its equity shares on the BSE SME platform in October 2025. To reflect its strategic expansion beyond two-wheelers into the commercial three-wheeler sector, the company formally transitioned its corporate identity from Zelio Ebikes to Zelio E-Mobility Ltd. Operationally, it expanded its manufacturing infrastructure by establishing a production facility in Coimbatore, Tamil Nadu, augmenting its total annual production capacity to 240,000 units across its manufacturing facilities. To facilitate customer acquisition and credit access, the company entered into strategic vehicle financing partnerships with institutions including Kotak Mahindra Bank and LoanTap. Furthermore, the company expanded its brand outreach through a commercial sports sponsorship agreement as the official electric vehicle partner of the Punjab Kings cricket franchise for the 2026 season.