We’ve aligned sustainability with commercial durability by focusing on enterprise and institutional customers where demand is stable and long-term partnerships enable planned fleet deployment and charging strategy—rather than chasing only ad-hoc demand.
Can you briefly explain Refex Mobility’s business journey and how the company has evolved over the years?
Refex Mobility is the clean mobility arm of the Refex Group, anchored within Refex Industries’ broader portfolio. Refex Industries began in 2002 in eco-friendly refrigerant gases, and over time expanded into ash & coal handling (with a strong on-ground fleet-and-operations backbone), power trading, and renewables—building execution capability in “real economy” infrastructure at scale.
Refex’s Green Mobility operations commenced in March 2023 as a focused EV mobility platform— starting with 24 vehicles and scaling rapidly to roughly ~1600 four-wheelers across major metros, with a clear pivot toward enterprise B2B and B2B2C use-cases (employee transport, corporate rentals, airport transfers, and fleet partnerships).
Refex Mobility operates across multiple segments. How do these businesses complement each other?
Our core offerings—corporate commute, airport transfers, hourly rentals, and outstation travel—are designed to complement each other operationally. The same assets (vehicles, drivers, command centre, and software) can be deployed across different demand peaks, improving utilization and service reliability while keeping customer experience consistent.
At the platform level, we’ve built an integrated, bundled model: company-owned/leased EVs + high-quality supply + trained/verified chauffeurs + tech-enabled trip management + dedicated support teams. This lets us serve both direct enterprise demand (B2B) and enterprise demand that originates on partner platforms (B2B2C) without compromising service levels.
What role does sustainability play in Refex Mobility’s overall growth strategy?
Sustainability is not a side initiative for us—it’s core to the strategy. Refex Mobility operates India’s second-largest four-wheeler Electric mobility fleet and positions reliability, safety, and sustainability as core brand pillars.
Importantly, we’ve aligned sustainability with commercial durability by focusing on enterprise and institutional customers where demand is stable and long-term partnerships enable planned fleet deployment and charging strategy—rather than chasing only ad-hoc demand.
How is Refex Mobility contributing to India’s clean energy and energy transition goals?
We contribute in three practical ways:
Accelerating EV adoption at scale in 4W mobility by deploying large enterprise EV fleets across metros and expanding into new regions (including Delhi NCR).
• Measurable emissions impact: Refex has publicly reported CO₂ abatement (over 48 lakh kg of CO2) linked to fleet kilometres as the platform scaled.
• Enabling cleaner corporate mobility: by making EV employee transport and corporate travel operationally dependable (service reliability is what converts intent into sustained adoption).
What are the key strengths that differentiate Refex Mobility from other players in the power and infrastructure space?
Refex Mobility stands out because it combines infrastructure-grade execution with a tech-and-service mobility layer:
• Integrated enterprise EV and sustainable mobility platform (EVs + high quality supply + verified drivers + trip-tech + support teams).
• Operational depth from the Group’s infrastructure businesses, including large-scale fleet operations in other verticals—this translates into discipline on uptime, compliance, safety, and service delivery.
• Strategic focus: we’ve been explicit about prioritising scalable B2B/B2B2C demand anchored in long-term partnerships
What growth opportunities do you see for Refex Mobility in the next 3–5 years?
Key opportunities we see:
• Enterprise electrification: growing demand from corporates for ESG-aligned employee transport, rentals, and airport transfers— especially as procurement shifts from “lowest cost” to “lowest risk + compliant + sustainable.”
• Geographic expansion across Tier-1 and select Tier-2 markets (we’ve already signalled expansion beyond current metros).
• Fleet scaling through partnerships, including Capital-light methods: Refex has plans to add significant capacity and deepen partnerships in FY26.
What message would you like to share with stakeholders and investors about Refex Mobility’s future direction?
Our direction is clear: build India’s most trusted, enterprise-grade clean mobility platform—where sustainability is delivered through operational excellence, not just intent. We will keep scaling with a disciplined focus on (1) reliability and safety, (2) measurable sustainability outcomes, and (3) long-term, partnership-led demand that creates durable unit economics.
