Zelio E-Mobility plans Rs 167.96 crore raise for EV manufacturing and dealer expansion
Zelio E-Mobility proposes a preferential fundraise of up to Rs 167.96 crore to build a Haryana electric three-wheeler facility and scale its India network. The company has 400-plus dealers across 25-plus states and is targeting more than 550 outlets by FY27.
What happened
Zelio E-Mobility plans a Rs 167.96 crore preferential fundraise to expand EV manufacturing and India distribution. Proceeds include a Haryana electric
Key facts
- Rs 167.96 crore proposed preferential fundraise
- Up to 9.73 lakh equity shares at Rs 853 each, raising about Rs 83 crore
- Up to 9.96 lakh convertible warrants at Rs 853 each, raising up to Rs 84.96 crore
- Promoter holding projected to decline from 72.76% to 70.87%
- Coimbatore plant capacity: 60,000 electric two-wheelers annually
What changed
Zelio E-Mobility plans a Rs 167.96 crore preferential fundraise to expand EV manufacturing and India distribution. Proceeds include a Haryana electric three-wheeler facility, while the company targets more than 550 outlets by FY27 from over 400 dealers currently.
Why this matters
Zelio’s planned Rs 167.96 crore raise signals a major push to add Haryana manufacturing capacity and expand its dealer footprint by more than 150 outlets by FY27.
What to watch
- Regulatory and shareholder approvals, subscription level and final amount raised versus the proposed Rs 167.96 crore.
- Haryana plant commissioning date, annual production capacity and capex allocation.
- Quarterly dealer additions, active-dealer productivity, dealer retention and geographic concentration.
- Electric three-wheeler sales growth, order backlog, delivery lead times and inventory levels.
- Gross-margin movement, working-capital intensity and any increase in warranty or service complaints.