Zelio E-Mobility, a fast-growing electric two- and three-wheeler manufacturer that has been doubling its growth year on year, has announced the appointment of Mr. Divyanshu Agarwal as its Chief Executive Officer, effective April 15, 2026. The 26-year-old Chartered Accountant takes on the role pursuant to a resolution by circulation passed by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee.
Mr. Divyanshu Agarwal joins Zelio after stepping down from Sachin Bansal’s Navi Limited earlier this month, where he had been associated since November 2021. Over this period, he progressed from a finance associate to Head of UPI Business and Growth in July 2025.
In this role, he led the UPI business, focusing on scaling operations, building strategic partnerships and improving execution. He also played a role in key company initiatives including the DRHP process, private equity fundraising and cross-functional projects spanning finance, product, HR and legal. Earlier, he worked closely with the Founder and Chairman Mr. Sachin Bansal on strategic initiatives across the organisation.
At Zelio E-Mobility, his role will focus on strengthening operational execution, overseeing the development and scaling of new manufacturing plants, including the Odisha and Coimbatore facilities, expanding the company’s market presence, and aligning growth with long-term business fundamentals. He will also work closely with the leadership team to scale distribution, deepen partnerships, improve product-market fit, and support Zelio’s next phase of growth.
His professional training began at Price Waterhouse Chartered Accountants, Kolkata, where he handled statutory audits of large listed companies. He holds a B.Com (Hons.) degree from St. Xavier’s College, Kolkata, along with his Chartered Accountant qualification.
On his appointment, Divyanshu Agarwal said, “Zelio is at a stage where growth needs to be backed by consistent execution and clarity in direction. The focus will be on strengthening the core, expanding reach in a measured way and building products that customers can rely on every day. The opportunity is significant, and the effort will be to build it with discipline.”
Commenting on the onboarding, Kunal Arya, Managing Director, Zelio E-Mobility, said:
“Divyanshu brings a strong understanding of both finance and business operations. He has seen how to build and scale in fast-moving environments. As we expand, the need is for sharper execution and long-term thinking, and he is well equipped to take that forward.”
This appointment follows Zelio E-Mobility’s entry into the public markets, where the company raised ₹78.34 crore through its initial public offering. The issue comprised a fresh raise of ₹58.84 crore along with an offer for sale of 11.4 lakh shares worth ₹15.50 crore, and saw participation from both institutional and retail investors, closing with an overall subscription of 1.5 times.
The company operates through a network of more than 350 dealers across over 20 states and union territories, offering a range of electric mobility solutions. Its portfolio includes electric two-wheelers under the ‘Zelio’ brand and electric three-wheelers under its ‘Tanga’ line, collectively serving a customer base of over 2,00,000 riders across the country.
