- Suniel Shetty, KL Rahul, Ahan Shetty, and Akshai Varde spearhead Phase 2 expansion
- Launches ‘Scoot’ — India’s most inclusive, license-free electric cycle for women, elders and delivery riders
- Collaboration with Delhivery marks entry into B2B logistics; personal mobility segment sees record preorders
NE ECONOMIC BUREAU
MUMBAI, NOV 1
EXELmoto, the celebrity-backed electric mobility startup, has unveiled its new commercial division through a strategic partnership with Delhivery India Limited, marking a major leap from personal to commercial mobility solutions. The company also launched ‘Scoot’, a universal electric cycle with scooter-like comfort — designed to empower women, elderly riders, and daily commuters with affordable, license-free mobility.
The launch event, graced by Suniel Shetty, KL Rahul, Ahan Shetty, and Akshai Varde, celebrated EXELmoto’s Phase 2 expansion, marking its entry into the high-growth B2B logistics sector alongside its successful consumer mobility business.
Delhivery Association: A Strategic Step
EXELmoto has developed a customized logistics e-bike for Delhivery’s operational needs, following a successful pilot. The first batch of 200 logistics bikes has entered phase-wise delivery, validating EXELmoto’s engineering and reliability in real-world conditions.
“Delhivery validated what we built — reliability under logistics pressure. With scalable unit economics and strong gross margins, we’re building both impact and profitability,” said Akshai Varde, Founder & CEO, EXELmoto.
‘Scoot’: Designed for Everyone
The ‘Scoot’ features pedal-assist technology, a comfortable bench seat, and intuitive design — ideal for active lifestyles and health-conscious users. The model requires no license or registration, ensuring affordability and accessibility for India’s expanding micro-mobility segment.
“Clean mobility is for everyone — from my generation to the next,” said Suniel Shetty, Investor & Mentor. “When we can confidently adopt electric mobility, the revolution is truly underway.”
Growth Outlook and Expansion
- 68 outlets begin deliveries in November 2025
- Amazon and Flipkart listings go live for pan-India reach
- Two patents granted; four pending across vehicle and drivetrain innovations
- Capacity to scale to 50,000 bikes annually by Q3 FY26
- Southeast Asia and Middle East expansions in pipeline
- Profitability and export readiness expected within 12 months of next funding
“Our Delhivery tie-up proves this is not just a lifestyle brand — it’s last-mile infrastructure,” noted KL Rahul, while Ahan Shetty emphasized, “EXELmoto stands for youth, inclusivity, and evolution — not just hype.”
