Welectric

Welectric is an Indian electric mobility company specializing in the leasing and management of electric two-wheelers for urban commuters, gig workers and businesses. The company operates primarily in major metropolitan areas and is rapidly expanding its reach into Tier 2 cities, supporting the transition to sustainable mobility solutions.

Core Products and Services

• EV leasing plans (short-term to multi-year)

• Fleet management (telematics, maintenance, support)

• Integrated charging infrastructure

• Value-added services: insurance, breakdown, battery management

Business Model & Revenue Streams

• Revenue from recurring lease payments, fleet management fees, charging services

• Over 70% revenue from leasing and fleet services

• Customer mix: Predominantly B2B (logistics, e-commerce), B2C (commuters, gig workers) ~25%

Top Clients & Partnerships

• Major clients: Logistics, last-mile delivery, e-commerce, food delivery platforms

• Long-term contracts and JVs with blue-chip corporates and fleet operators

• Diversification: Expanding partner base in new cities, growing B2C segment

Future Outlook & Strategic Priorities

• Growth: Expand fleet to 5,000+ EVs, scale charging network, deepen logistics/e-commerce partnerships

• Risks: Regulatory changes, battery tech evolution, rising competition

• Focus: Multi-fold revenue growth, tech upgrades, network expansion, strategic M&A