New Delhi: Zelio E-Mobility has appointed Divyanshu Agarwal as its Chief Executive Officer, effective April 15, 2026, as the company strengthens its leadership team to support its next phase of growth. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.
A 26-year-old Chartered Accountant, Agarwal joins Zelio after a stint at Navi Limited, founded by Sachin Bansal, where he was associated since November 2021. During his tenure, he progressed from a finance associate to Head of UPI Business and Growth in July 2025, leading initiatives around scaling operations, building strategic partnerships, and enhancing execution.
He also contributed to key organizational initiatives, including the DRHP process, private equity fundraising, and cross-functional projects across finance, product, HR, and legal, while working closely with the Founder and Chairman on strategic priorities.
At Zelio E-Mobility, Agarwal will focus on strengthening operational execution, scaling new manufacturing facilities in Odisha and Coimbatore, expanding market presence, and aligning growth with long-term business fundamentals. He will also work closely with the leadership team to deepen partnerships, scale distribution, and improve product-market fit.
Agarwal began his professional journey at Price Waterhouse Chartered Accountants, Kolkata, where he handled statutory audits of large listed companies. He holds a B.Com (Hons.) degree from St. Xavier’s College Kolkata along with his Chartered Accountant qualification.
On his appointment, Divyanshu Agarwal said, “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.”
Commenting on the onboarding, Kunal Arya, Managing Director, 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 follows Zelio E-Mobility’s recent entry into the public markets, where the company raised ₹78.34 crore through its initial public offering. The issue included a fresh raise of ₹58.84 crore along with an offer for sale of 11.4 lakh shares worth ₹15.50 crore, and was subscribed 1.5 times by institutional and retail investors.
