Hala Mobility’s FY26 Revenue Jumps 4.4X To ₹97 Cr, Posts ₹3.6 Cr Profit

Hala Mobility, an electric mobility startup founded in 2020, reported a remarkable surge in revenue and profitability for the fiscal year 2026. Operating revenue jumped 4.4 times to ₹97 crore from ₹22 crore in the previous year, while profit after tax (PAT) increased ninefold to ₹3.6 crore from around ₹40 lakh. The company anticipates revenue reaching ₹250 crore to ₹260 crore in FY27, with PAT margin improving to 5%-6% from 3.7% in FY26.

Hala Mobility provides electric two-wheelers to gig workers, delivery partners, and businesses through rental, leasing, and financing models, operating around 17,000 vehicles across nine cities. The startup is exploring expansion into Pune, Chennai, Madurai, Tirupati, and Karnal, with plans to enter one or two new cities in the near term.

Hala Mobility is India's third-largest EV-as-a-service platform, with Zomato, Swiggy, Zepto, Amazon, and Flipkart among its partners. The company's business model includes third-party logistics (3PL), rentals, and B2B leasing, with 3PL operations accounting for 50% of its revenue. Hala Mobility currently has a fleet of around 17,000 vehicles and aims to reach 32,000 by the end of FY27, with an EBITDA margin of around 28% for FY26. The company plans to raise ₹135 crore through an equity round to support its expansion plans.