Bijliride FY25 Revenue Surges 80% to INR 18 Cr; Targets 10,000 EV Fleet Expansion by FY27

A Leading electric mobility solutions provider Bijliride has reported a massive 80% jump in annual revenue, reaching INR 18 crore in FY25. Propelled by the aggressive last-mile delivery EV adoption in India, the startup is now eyeing a revenue target of INR 44 crore and a fleet scale-up to 10,000 electric two-wheelers by the 2026-27 financial year.

EBITDA Positive Growth & The STAR Model

While many EV startups in India struggle with high burn rates, Bijliride is focusing on profitable scaling. The company is targeting over 20% EBITDA positivity by optimizing its proprietary hub-and-spoke (STAR) model. This data-driven approach has already pushed fleet utilization rates to a staggering 92%, maximizing asset productivity for its electric 2-wheeler rental business.

Mr. Shivam Sisodiya, CEO and Co-Founder of Bijliride, highlighted the shift: "We are prioritizing depth over rapid expansion. By strengthening our presence in high-utilization markets and leveraging battery swapping technology, we are building a sustainable EV-as-a-Service ecosystem for gig workers."

Capitalizing on the Delhi EV Policy 2.0 & Gig Economy

The surge in demand is perfectly timed with the recently released Delhi Draft EV Policy 2026-2030 (EV Policy 2.0), which mandates strict timelines for fleet-led electrification. As e-commerce and quick commerce platforms like Zomato and Blinkit push for 100% EV fleets, Bijliride is positioning itself as the primary partner for last-mile logistics.

To achieve its FY27 goals without heavy capital expenditure, Bijliride is shifting to an asset-light FOFO model (Franchise-Owned, Franchise-Operated). This allows for rapid city-level expansion while maintaining high service standards.

In-House Tech & Battery Management

A key differentiator for Bijliride is its in-house technology platform. By integrating real-time vehicle tracking, IoT-enabled fleet management software, and advanced battery performance monitoring, the company significantly reduces vehicle downtime. This tech backbone is essential for managing a large-scale electric vehicle fleet across Tier-1 and Tier-2 cities.

With Union Budget 2026-27 expected to provide further clarity on PLI schemes for EV components, Bijliride’s focus on domestic manufacturing partnerships and energy efficiency positions it as a leader in India’s transition to green mobility.