Readily Mobility Initiates Public Conversion Ahead of Planned IPO

Readily Mobility Solutions Private Limited has begun the process of converting to a public company in preparation for an Initial Public Offering, the company announced today. The move signals the firm's intent to strengthen its position as a comprehensive clean-energy aftersales platform serving India's mobility and renewable energy sectors.

The company is evaluating an IPO size of approximately ₹100 crore at a proposed valuation range of ₹700-750 crore, subject to market conditions and regulatory approvals. Founded in 2016 by Hiteshh Sharma as Sahayata Global Assistance P. Ltd., Readily has evolved from automotive aftersales services into a diversified operation spanning electric vehicle maintenance and solar energy infrastructure.

To prepare for its transition to a listed entity, Readily is expanding its board of directors with the proposed addition of Shivani Agarwal and Smiriti Makharia as full-time directors. The company has also engaged Advocate Jash Dalia as legal counsel to oversee the conversion process and manage compliance requirements.

"This IPO marks more than a financial milestone, it reflects our purpose," said Hiteshh Sharma, Founder and CEO. "Readily Mobility is building a clean-energy aftersales ecosystem that supports every EV on the road and every solar panel on the rooftop."

The company's solar operations include a commissioning portfolio of approximately 700-800 MW across utility-scale and commercial and industrial projects. Readily is now positioning itself to enter the business-to-consumer and small-scale rooftop solar segments, leveraging government initiatives including PM-KUSUM, which supports decentralized solar installations for agricultural and small-scale producers.

The planned IPO proceeds are expected to fund network expansion, technology infrastructure development, and increased participation in government solar programs. By integrating EV aftersales services with solar operations and maintenance under a technology-enabled, asset-light model, Readily aims to serve original equipment manufacturers, fleet operators, farmers, and residential customers.

Sharma, recognized as a "30 Under 30 Entrepreneurs" awardee in 2022 and 2023, has maintained Readily as a bootstrapped operation throughout its expansion. The company positions itself as India's only one-stop-shop provider for comprehensive automobile aftersales and clean-energy support solutions.

The timing of the IPO aligns with India's accelerating transition toward electric mobility and distributed renewable energy generation, sectors receiving significant policy support and investment interest.