Readily Mobility Solutions Private Limited has initiated the process of converting into a public company as it prepares for an Initial Public Offering, marking a key step in its ambition to scale as one of India’s leading clean-energy aftersales platforms. The company is evaluating an IPO of around ₹100 crore, with a proposed valuation in the range of ₹700–750 crore, subject to market conditions, regulatory clearances and final discussions with advisors.
The proposed IPO is expected to fund network expansion, technology development and deeper participation in government-led solar and clean-mobility initiatives, aligning the company’s growth plans with India’s broader push toward sustainable energy and mobility.
As part of its transition toward a listed entity, Readily is strengthening its governance framework and leadership team. The company plans to induct Ms. Shivani Agarwal and Ms. Smiriti Makharia as full-time directors, adding deeper expertise in strategy, finance and execution. It has also appointed Advocate Jash Dalia as legal counsel to guide the conversion process, IPO execution and ongoing compliance requirements.
Founded as an electric-vehicle aftersales services platform, Readily has significantly broadened its scope in recent years. The company has diversified into solar commissioning and operations, building an executed and under-execution portfolio of approximately 700–800 MW across utility-scale as well as commercial and industrial projects. Leveraging national programmes such as PM-KUSUM, which supports decentralised solar adoption in agriculture and among small producers, Readily is now expanding into B2C and small-scale rooftop solar segments to tap India’s growing distributed-energy opportunity.
By integrating EV aftersales, solar operations and emerging rooftop-solar offerings through a tech-enabled, asset-light model, Readily aims to create a differentiated clean-energy aftersales ecosystem serving OEMs, fleet operators, farmers and households.
