Zelio E-Mobility
BSE: ZELIO · 2/3 Wheelers
Snapshot
Unlock Zelio E-Mobility's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Zelio E-Mobility is an Indian manufacturer specialising in low-speed electric two-wheelers designed for urban commuting. The company offers a diverse range of electric scooters, including the Eeva, Gracy, and Legender series, catering to students, professionals, and delivery partners.
Business Model
The company generates revenue through the design, assembly, and sale of electric scooters via a growing network of dealerships across India. It provides flexible product options by offering both lead-acid and lithium-ion battery configurations to accommodate various consumer price points.
Management Commentary
Management is focused on expanding manufacturing capabilities and service infrastructure to support the rising demand for sustainable last-mile connectivity in the Indian market.
Growth Outlook
Growth is driven by the increasing adoption of green mobility solutions and the expansion of the company's dealership network across multiple Indian states. The focus remains on capturing mass-market demand through cost-effective product offerings.
Key Risks
- Intense Market Competition. The company faces significant competition from established industry giants and other emerging players in the electric two-wheeler segment.
- Regulatory and Policy Risk. Changes in government subsidies or safety regulations for electric vehicles could impact the company's cost structure and product viability.
- Supply Chain Vulnerability. Reliance on external battery and component suppliers may lead to production delays or cost fluctuations.
- Technological Obsolescence. Rapid advancements in battery technology and electric vehicle performance may render current low-speed models less competitive.
Price
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Peers · 2/3 Wheelers
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Zelio E-MobilityZELIO | 736 | — | — | — | 11.0% | — | — | — |
TVS Motor Company Ltd.TVSMOTOR | 1,65,192 | 56.09 | 23.41 | 26.3% | 15.0% | 36.3% | 28.7% | +23.0% |
Hero MotoCorp Ltd.HEROMOTOCO | 1,05,870 | 17.07 | 12.07 | 15.9% | 17.1% | 29.1% | 33.0% | +10.7% |
Ather Energy Ltd.ATHERENERG | 28,945 | -147.34 | -864.62 | — | -1.5% | -31.3% | -15.4% | +272.8% |
Ola Electric Mobility Ltd.OLAELEC | 10,365 | 9.61 | 6.85 | -50.1% | 127.5% | 39.0% | 31.8% | -5.7% |
Eraaya LifespaceEBIX | 423 | 1.77 | — | — | 40.0% | 26.0% | 9.0% | -59.6% |
As of Mar 2026
Financials
Zelio E-Mobility
BSE: ZELIO · 2/3 Wheelers
Snapshot
Unlock Zelio E-Mobility's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Zelio E-Mobility is an Indian manufacturer specialising in low-speed electric two-wheelers designed for urban commuting. The company offers a diverse range of electric scooters, including the Eeva, Gracy, and Legender series, catering to students, professionals, and delivery partners.
Business Model
The company generates revenue through the design, assembly, and sale of electric scooters via a growing network of dealerships across India. It provides flexible product options by offering both lead-acid and lithium-ion battery configurations to accommodate various consumer price points.
Management Commentary
Management is focused on expanding manufacturing capabilities and service infrastructure to support the rising demand for sustainable last-mile connectivity in the Indian market.
Growth Outlook
Growth is driven by the increasing adoption of green mobility solutions and the expansion of the company's dealership network across multiple Indian states. The focus remains on capturing mass-market demand through cost-effective product offerings.
Key Risks
- Intense Market Competition. The company faces significant competition from established industry giants and other emerging players in the electric two-wheeler segment.
- Regulatory and Policy Risk. Changes in government subsidies or safety regulations for electric vehicles could impact the company's cost structure and product viability.
- Supply Chain Vulnerability. Reliance on external battery and component suppliers may lead to production delays or cost fluctuations.
- Technological Obsolescence. Rapid advancements in battery technology and electric vehicle performance may render current low-speed models less competitive.
Price
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Unlock AI insights, financials, peers and live data on Zelio E-Mobility and 5,000+ companies — free.
Peers · 2/3 Wheelers
As of Mar 2026