Hala Mobility Reports Strong FY26 Revenue Growth, Projects Further Expansion

Electric mobility provider Hala Mobility saw its operating revenue jump to ₹97 crore (approximately $1.16 million) in fiscal year 2026, a 4.4-fold increase from ₹22 crore ($264,000) in FY25. The company also reported a ninefold increase in its profit after tax (PAT) for FY26, reaching ₹3.6 crore ($43,000), up from around ₹40 lakh ($4,800) the previous year.

Hala Mobility anticipates continued revenue growth, projecting ₹250 crore to ₹260 crore ($3 million to $3.1 million) for FY27. Founder and CEO Srikanth Reddy stated that the company expects its PAT margin to improve to 5%-6% in FY26, up from approximately 3.7%.

Founded in 2020, Hala provides electric two-wheelers to delivery partners and businesses through rental, leasing, and financing models. The startup currently operates around 17,000 vehicles across nine Indian cities and plans to expand into several new urban centers. Its operations encompass third-party logistics, rentals, and B2B leasing, with partnerships including Zomato, Swiggy, and Amazon.

The company aims to grow its fleet to approximately 32,000 vehicles by the end of FY27. Hala Mobility is also seeking to raise ₹135 crore ($1.6 million) in an equity funding round to support its fleet expansion and infrastructure development.