Readily Mobility Solutions on Friday said it has initiated the process of converting into a public company as it prepares for a potential initial public offering, according to the company.
The Delhi-based firm said that it is evaluating an IPO of around ₹100 crore, at a proposed valuation range of ₹700–750 crore. The offering would be subject to market conditions, regulatory approvals and final discussions with advisors.
As part of preparations for listing, Readily Mobility said it plans to expand its board with the proposed induction of Shivani Agarwal and Smiriti Makharia as full-time directors. The company has also appointed Advocate Jash Dalia as legal counsel to oversee the conversion process and support IPO-related compliance.
Hiteshh Sharma, Founder and Chief Executive Officer of Readily Mobility, said the move reflects the company’s longer-term plans. “This IPO marks more than a financial milestone, it reflects our purpose. Readily Mobility is building a clean-energy aftersales ecosystem that supports every EV on the road and every solar panel on the rooftop,” he said.
The company, which began as an electric vehicle aftersales services provider, has expanded into solar commissioning and operations. It said it currently has an executed and ongoing commissioning portfolio of around 700–800 MW across utility-scale and commercial and industrial projects.
Readily Mobility said it is also entering the consumer and small-scale rooftop solar segment, including projects linked to government schemes such as PM-KUSUM. The company added that proceeds from the proposed IPO would be used for network expansion, technology investments and participation in rooftop solar and decentralised solar programmes.
