Zelio E-Mobility’s pan-India manufacturing network is well-established, with the Ladwa Plant in Haryana, spread over 2,63,450 sq. ft.; the Patan Plant in Haryana, covering 2,52,301 sq. ft.; and the Cuttack Plant in Odisha, approximately 30,500 sq. ft., all supporting production, assembly, and regional operations.
This follows Zelio E-Mobility raising Rs 78.34 crore through its IPO, comprising a fresh issue of ?58.84 crore and an offer for sale of 11.4 lakh shares worth Rs 15.50 crore. The issue was subscribed 1.5 times overall, with strong participation from both institutional and retail investors. The company’s shares debuted at Rs 154.90 on October 8, 2025, at a 13.9 percent premium over the issue price, and have continued to maintain an upward trajectory since listing. In its first reporting cycle following an SME IPO, the BSE-listed EV manufacturer reported consolidated revenue of Rs 134.78 crore and a profit after tax of Rs 11.87 crore for H1 FY26.
Zelio offers one of the most comprehensive product portfolios in the segment. Under the ‘Zelio’ brand, it manufactures a wide range of electric two-wheelers, including low-speed models such as X Men, X Men 2.0, Gracy i, Gracy+, Gracy Pro, Little Gracy, Eeva, Eeva ZX+, Legender, and the Logix cargo scooter, along with its high-speed model Mystery. In the three-wheeler category, the company produces e-rickshaw models under the ‘Tanga’ brand, including Tanga Butterfly and Tanga Fine, catering to the growing commercial and last-mile mobility market.
Supported by a strong dealer network of more than 350 outlets across over 20 states and union territories, Zelio continues to expand its footprint across urban and emerging markets.