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Bijliride Eyes Rs 44 Crore Revenue as EV Fleet Expansion Accelerates

Bijliride is aiming for significant growth as it scales its electric vehicle operations, targeting Rs44 crore in revenue while expanding its fleet to 10,000 vehicles by FY26–27. The company’s growth trajectory is being supported by rising demand and improved operational performance.

The company reported a strong increase in revenue, growing from Rs10 crore in FY24 to Rs18 crore in FY25, reflecting higher utilization and increasing adoption of its services. It is also working toward achieving EBITDA profitability of over 20% as it continues to optimize its business model.

Bijliride’s strategy focuses on strengthening its presence in high-demand areas rather than rapid geographic expansion. With fleet utilization levels reaching around 92%, the company is leveraging a hub-and-spoke approach to build dense networks that enhance efficiency and maximize asset productivity.

Demand for electric two-wheelers, particularly in rental and last-mile delivery segments, has been a key growth driver. The expansion of e-commerce and quick commerce platforms, many of which are targeting full EV adoption by 2030, is further boosting demand for such mobility solutions.

To support expansion, the company is adopting a franchise-led model, allowing it to enter new markets in a capital-efficient manner while maintaining service standards. Alongside this, Bijliride continues to invest in its in-house technology platform to streamline operations, improve vehicle tracking, and optimize fleet deployment.

The company’s financial performance is also benefiting from economies of scale, higher utilization by gig workers and enterprise clients, and ongoing improvements in operational efficiency. Efforts to reduce downtime, enhance battery performance, and explore solutions such as battery swapping are contributing to better productivity and margins.

Partnerships with original equipment manufacturers and other ecosystem players are playing an important role in supporting growth while enabling an asset-light expansion strategy. These collaborations help improve infrastructure use and manage capital requirements effectively.

Looking ahead, Bijliride plans to strengthen its footprint in existing markets while selectively entering new cities over the next 12 to 18 months. With a clear focus on efficiency, scalability, and long-term sustainability, the company is positioning itself to play a key role in India’s evolving electric mobility landscape.