Readily Mobility prepares for IPO to expand India’s EV and solar aftersales ecosystem

Readily Mobility Solutions Private Limited today announced that it has initiated the process of converting into a public company in preparation for an Initial Public Offering (IPO), reflecting its ambition to scale as India’s leading clean-energy after-sales platform. The company is evaluating an IPO size of approximately INR 100 crore, at a proposed valuation range of INR 700–750 crore, subject to market conditions, regulatory approvals and finalisation with its advisors.

As part of strengthening its governance and leadership for life as a listed entity, Readily is expanding its Board of Directors with the proposed induction of Shivani Agarwal and Smiriti Makharia as full-time directors, bringing additional depth in strategy, finance and execution. The company has also appointed Advocate Jash Dalia as its legal counsel to guide the conversion to a public entity and support the IPO and ongoing compliance framework.

Hiteshh Sharma, Founder & CEO, Readily Mobility Solutions Pvt. Ltd said, “This IPO marks more than a financial milestone, it reflects our purpose. Readily Mobility is building a clean-energy aftersales ecosystem that supports every EV on the road and every solar panel on the rooftop. As we enter the next chapter, our commitment is simple: scale responsibly, innovate relentlessly, and create long-term value for India’s mobility and energy transition.”

Building on its roots in electric-vehicle aftersales services, Readily has rapidly diversified into solar commissioning and operations, and currently has an executed and in-progress commissioning portfolio estimated at approximately 700–800 MW across utility-scale and commercial and industrial projects. Leveraging national schemes such as PM-KUSUM, which promotes decentralised solar for agriculture and small producers, the company is now entering the B2C and small-scale rooftop solar segments to tap India’s accelerating distributed solar opportunity.  

By combining EV aftersales, solar O&M and emerging B2C rooftop offerings under a tech-enabled, asset-light model, Readily aims to position itself as a differentiated “clean-energy aftersales” platform for OEMs, fleet operators, farmers and households alike. The planned IPO is expected to provide growth capital for network expansion, technology investments and deeper participation in programmes such as PM-KUSUM and rooftop-solar initiatives, supporting India’s broader transition toward sustainable mobility and energy.