Hala Mobility FY26 Revenue Jumps 4.4X to ₹97 Cr, Posts Profit
Electric mobility startup Hala Mobility’s operating revenue jumped 4.4X to ₹97 Cr in FY26 from ₹22 Cr in FY25. Profit after tax rose ninefold to ₹3.6 Cr, and the company expects revenue to reach ₹250 Cr to ₹260 Cr in FY27.
Hala is looking to raise ₹135 Cr entirely through equity in a Series A round, of which ₹45 Cr has been committed by existing investors. The round is expected to close within the next three to four months.
Hala provides electric two-wheelers to gig workers, delivery partners, and businesses through rental, leasing, and financing models.
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Its portfolio includes electric two-wheelers from Ryder, AMO Electric Bikes, Astrid, and BGauss, and it counts Zomato, Swiggy, Zepto, Amazon, and Flipkart among its business partners. It currently operates around 17,000 vehicles across nine cities.
“We are the third-largest platform in the country today, and we want to become the largest and best platform by November 2026,” founder and CEO Srikanth Reddy said.
Hala plans to use the fresh capital to expand its fleet beyond the FY27 target of 32,000 vehicles, with the startup eventually aiming to operate around 60,000 vehicles. It also plans to enter adjacent areas of passenger mobility.
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