Zelio E-Mobility Appoints Divyanshu Agarwal as CEO

Zelio E-Mobility, a Haryana-based electric two- and three-wheeler manufacturer, on April 15, 2026, appointed Divyanshu Agarwal, 26, as its Chief Executive Officer, following a resolution by circulation passed by its Board of Directors on the recommendation of the Nomination and Remuneration Committee.

Agarwal, a Chartered Accountant, joins Zelio after stepping down from Navi Limited, the fintech firm founded by Sachin Bansal, where he had been associated since November 2021. He progressed from a finance associate to Head of UPI Business and Growth by July 2025, leading scaling operations, building partnerships, and participating in the company's DRHP process, private equity fundraising, and cross-functional projects. Prior to Navi, he trained at Price Waterhouse Chartered Accountants in Kolkata handling statutory audits of listed companies.

At Zelio, Agarwal will oversee operational execution, development of new manufacturing plants including facilities in Odisha and Coimbatore, distribution expansion, and product-market alignment.

"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," Agarwal said.

Kunal Arya, Managing Director of 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."

The appointment comes after Zelio E-Mobility raised ₹78.34 crore through its IPO, comprising a fresh issue of ₹58.84 crore and an offer for sale of 11.4 lakh shares worth ₹15.50 crore, with the issue closing at an overall subscription of 1.5 times.

The company currently operates through over 350 dealers across more than 20 states and union territories, with a customer base of over two lakh riders. Its portfolio includes electric two-wheelers under the Zelio brand and electric three-wheelers under the Tanga brand.