StartupsINVESTApproved
Zelio E-Mobility board approved ₹167.95 Cr preferential issue to raise funds
Location not reported23 Sept 2026
Zelio E-Mobility’s board approved a proposal (23 Sep 2026) to raise up to ₹167.95 Cr via a preferential issue of up to 9.73 lakh equity shares and over 9.96 lakh convertible warrants. The proposal includes equity allotment to four non-promoter investors (~₹83 Cr) and warrants to three promoters (~₹85 Cr), and will be put to shareholders at an EGM scheduled for October 20.
Why it matters
If shareholders approve and the allotments proceed, the raise would commit capital that Zelio says will be used to fund its growth initiatives.
Zelio E-Mobility