Zelio E-Mobility to Raise ₹168 Crore Through Preferential Issue

Zelio E-Mobility has approved a plan to raise ₹168 crore through a preferential share issue, with the proceeds earmarked for its expansion efforts. The move gives the electric two-wheeler maker fresh capital as it looks to scale its presence in India’s fast-growing micromobility segment.

The company, which builds electric scooters, is among a crowded field of Indian players competing for riders switching away from petrol-powered two-wheelers. A preferential issue lets a company place shares directly with chosen investors rather than through a public offering, a route often used by smaller firms to fund growth quickly.

Demand for affordable electric two-wheelers in India has been climbing steadily, and capital-raising activity across the sector has picked up as manufacturers race to expand production and dealer networks. Zelio has not disclosed a detailed roadmap for how the funds will be deployed.