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

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

Electric mobility startup Hala Mobility’s operating revenue jumped 4.4X to ₹97 Cr in FY26 from ₹22 Cr in FY25, while its profit after tax (PAT) increased ninefold to ₹3.6 Cr from around ₹40 Lakh. 

The startup now expects its revenue to reach ₹250 Cr to ₹260 Cr in FY27, with its PAT margin improving to 5%-6% from around 3.7% in FY26, founder and CEO Srikanth Reddy told Inc42. 

Founded in 2020 by Reddy, Snehith Reddy Meda and Anand Pareek, Hala provides electric two-wheelers to gig workers, delivery partners, and businesses through rental, leasing, and financing models. 

It currently operates around 17,000 vehicles across nine cities, including Hyderabad, Bengaluru, Mumbai, Vijayawada, Guntur, and Delhi NCR. 

The startup is exploring expansion into Pune, Chennai, Madurai, Tirupati, and Karnal, although it plans to enter only one or two new cities in the near term. Hala counts Zomato, Swiggy, Zepto, Amazon, and Flipkart among its business partners. 

The startup claims to be India’s third-largest EV-as-a-service platform. “We are the third-largest platform in the country today, and we want to become the largest and best platform by November 2026,” Reddy said. 

Hala’s business spans third-party logistics (3PL), rentals, and B2B leasing. Around 50% of its revenue comes from 3PL operations, under which it provides EVs and delivery partners to platforms such as Zomato, Swiggy, Zepto, and Blinkit. 

Rentals contribute around 40% of its revenue, while B2B leasing accounts for the remaining 10%.

For individual users and gig workers, Hala offers daily rentals starting at ₹189 and quarterly leases starting at ₹13,999.


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