Results · Mobility & Logistics

Hala Mobility posts 4.4X revenue jump in FY26

By Startup Enthusiast · 26 August 2026

What they do

Hala Mobility provides electric two-wheelers to gig workers and businesses via rental, leasing, and financing

It reported FY26 operating revenue of ₹97 Cr, up from ₹22 Cr in FY25, and a PAT of ₹3.6 Cr

The company targets ₹250-260 Cr revenue in FY27 and plans to raise ₹135 Cr in Series A funding

Hala Mobility reported its FY26 results with operating revenue of ₹97 Cr, up 4.4X from ₹22 Cr in FY25.
Profit after tax (PAT) was ₹3.6 Cr, up 9X from about ₹40 Lakh in FY25.
The company targets FY27 revenue of ₹250-260 Cr and a PAT margin of 5%-6%, up from ~3.7% in FY26.
It is raising ₹135 Cr entirely in equity through a Series A round, with ₹45 Cr already committed by existing investors.
Funds will expand the fleet beyond 32,000 to about 60,000 vehicles, enter passenger mobility, and improve technology.
The company has been profitable since FY24.

Hala Mobility claims to be India's third-largest EV-as-a-service platform, behind Zypp Electric and Yulu.
Its fleet grew from 2,384 vehicles at end FY25 to ~17,000 now, with a target of ~32,000 by FY27 end.
Revenue split: 50% from 3PL (providing EVs and delivery partners to Zomato, Swiggy, Zepto, Blinkit), 40% rentals, 10% B2B leasing.

Hala Mobility provides electric two-wheelers to gig workers, delivery partners, and businesses via rental, leasing, and financing.
It operates in nine cities: Hyderabad, Bengaluru, Mumbai, Vijayawada, Guntur, Delhi NCR.
Business partners include Zomato, Swiggy, Zepto, Amazon, and Flipkart.
Daily rentals start at ₹189, quarterly leases at ₹13,999.
It partners with NBFCs for financing, offering EMIs up to 20% lower.
Vehicle brands include Ryder, AMO Electric Bikes, Astrid, BGauss; range up to 100 km.
Fleet ownership: ~60% owned, ~40% leased or franchise.
It has a battery-swapping network of ~110 stations in Hyderabad via Sun Mobility.

Target FY27 revenue of ₹250-260 Cr and PAT margin of 5%-6%.
Raise ₹135 Cr in Series A, expected to close in 3-4 months.
Expand fleet to ~32,000 vehicles by FY27 end, and eventually ~60,000.
Enter passenger mobility segment.
Explore expansion into Pune, Chennai, Madurai, Tirupati, Karnal; near-term: one or two new cities.
Goal: become largest and best EV-as-a-service platform by November 2026.

Product: EV rental, leasing, and financing solutions for two-wheelers serving delivery partners, gig workers, and micro-entrepreneurs.
Customers: Delivery partners, gig workers, micro-entrepreneurs, and delivery companies (Zomato, Swiggy, Flipkart) seeking EV mobility.
How it makes money: Rental and financing model; B2B partnerships with delivery platforms; charging and swap infrastructure services.
What sets it apart: Integrated platform providing vehicles, charging/swap infrastructure, financing, insurance, training, and analytics; franchise model for community entrepreneurs.