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Hala Mobility reports 4.4X FY26 revenue growth to ₹97 crore
Our read
Hala’s FY26 performance positions it as a scaled EV-logistics consolidator, but FY27 credibility will hinge less on demand and more on whether fresh capital can be converted into high-utilization fleet growth without eroding margins.
For operators
Hala Mobility’s 8,100-vehicle fleet and ₹3.6 crore FY26 profit indicate improving EV-fleet execution, but scaling nearly fourfold to 32,000 vehicles will require disciplined utilization, charging access and driver operations.
Watch
Series A timing, valuation, lead investor quality and whether the full ₹135 crore is raised.
The report,
Hala Mobility reported FY26 revenue of ₹97 Cr and PAT of ₹3.6 Cr, driven by EV-fleet expansion serving delivery platforms. It targets ₹250-260 Cr FY27 revenue, 32,000 vehicles and a ₹135 Cr Series A while expanding selectively into new Indian cities.
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Reported figures
From the report. Source details below
| FY26 PAT ₹3.6 Cr, up ninefold from | about ₹40 Lakh |
|---|---|
| FY26 EBITDA ₹27.16 Cr; EBITDA margin | about 28% |
| Fleet grew from 2,384 at FY25-end to 8,100 at FY26-end and | approximately 17,000 currently |
Also in the report
- FY26 operating revenue ₹97 Cr, up 4.4X from ₹22 Cr in FY25
- FY27 revenue target ₹250-260 Cr; PAT margin target 5%-6%
What to watch next
- Quarterly fleet additions versus the implied requirement of roughly 23,900 net vehicles to reach 32,000 in FY27.
- Revenue per vehicle, utilization rates, downtime and contribution-margin trends as the fleet scales.
- New multi-city contracts with e-commerce, logistics, quick-commerce or platform-delivery customers.
- Availability and cost of EV loans, leasing capital, insurance and OEM vehicle supply.
The source
First seen