Bikewo Green Tech Limited Acquires 33% Stake in Mear Logistics LLP
Bikewo Green Tech Limited announced that its Board of Directors approved the acquisition of a 33% stake in Mear Logistics LLP for a consideration of Rs. 10,20,00,000. The announcement was made on March 27, 2026.Mear Logistics LLP (LLPIN: AAQ-7024) has a capital contribution of Rs. 16.66 crores. According to its financial statements, the LLP reported revenue of Rs. 1256.46 lakhs as of March 31, 2024, and Rs. 1371.47 lakhs as of March 31, 2023.
The acquisition, which is expected to be completed before April 30, 2026, will be funded with cash. Bikewo Green Tech Limited’s stake will represent 33% of the LLP’s capital contribution.
According to details released regarding the transaction, Bikewo Green Tech Limited aims to explore investment opportunities and for other general purposes. The company intends to support its new line of business in sustainable mobility and last-mile logistics services. Mear Logistics LLP provides infrastructure-oriented logistics services, with experience in port-based logistics, vehicle logistics, cargo movement, and warehousing.
The table below summarizes key details of the acquisition:
| Particulars | Details |
|---|---|
| Industry | Infrastructure-oriented logistics services |
| Acquisition Rationale | To explore investment opportunities and other general purposes and to enable operational integration with existing activities. |
| Consideration | Cash consideration of Rs. 10,20,00,000 for 33.00% partnership interest |
| Completion Timeline | Before April 30, 2026 |
| Background of LLP | Mear Logistics LLP provides port-based logistics, cargo movement support, warehousing interface activities, and mobility operations within port and large infrastructure facilities. |
Financial highlights for Mear Logistics LLP are as follows:
| Line of business: | FY.24- 25 | FY.23- 24 | FY.22-23 |
|---|---|---|---|
| Turnover | 34.27 | 1256.46 | 1371.47 |
| EBITDA | 28.31 | 730.01 | -4.08 |
| Gross Profit | 26.37 | 1021.33 | 166.41 |
| Net Profit | -101.66 | 671.46 | -60.25 |
The company’s registered office is located in India.
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