BikeWo Green Tech Signs MoU to Acquire Majority Stake in Enlite EV Care, Expanding Services Portfolio

BikeWo Green Tech Signs MoU to Acquire Majority Stake in Enlite EV Care, Expanding Services Portfolio​

BikeWo Green Tech Limited has signed a Memorandum of Understanding (MoU) intended to acquire a majority stake in Enlite EV Care, an established electric vehicle service and maintenance company. This strategic acquisition aims to expand BikeWo's integrated electric mobility ecosystem by incorporating organized vehicle servicing, maintenance, and lifecycle support into its growing portfolio.

As the adoption of electric vehicles gains momentum across commercial segments such as last-mile delivery, logistics, and fleet mobility, reliable after-sales infrastructure has become crucial for ensuring vehicle availability and operational efficiency. Through this proposed transaction, BikeWo plans to establish dedicated EV Care Centres primarily catering to B2B customers and commercial electric vehicle fleets.

The new EV Care Centres are set to deliver a comprehensive range of services. These include preventive maintenance, diagnostics, repairs, periodic servicing, battery and electrical system support, and fleet uptime management. The initiative is expected to assist fleet operators in optimizing operating costs, improving vehicle performance, and minimizing downtime through reliable, technology-enabled service support.

BikeWo and Enlite EV Care are also planning to jointly assess suitable locations and operational models for the planned EV Care Centres. To create a highly efficient and data-driven service ecosystem, both companies intend to integrate digital capabilities such as predictive maintenance, vehicle health monitoring, service scheduling, fleet performance tracking, and digital maintenance records.

Commenting on the development, Mr. Hiten Pal Saklani, Chief Executive Officer of BikeWo Green Tech Limited, stated that building a dependable service and maintenance ecosystem is as vital as expanding vehicle deployment while scaling electric mobility operations. The acquisition represents a strategic move to strengthen capabilities across the entire EV value chain. By integrating lifecycle support and vehicle maintenance into their mobility platform, the company aims to enhance fleet uptime, improve service quality, and deliver greater operational efficiency for commercial fleet operators, furthering BikeWo's vision of creating a comprehensive and scalable electric mobility ecosystem.

The proposed acquisition aligns with BikeWo's long-term strategy, which encompasses capabilities across electric mobility, logistics infrastructure, fleet operations, technology, and renewable energy. By integrating vehicle deployment with organized maintenance and lifecycle management, the Company seeks to build a resilient and scalable platform ready to support the evolving requirements of India's commercial electric mobility sector.

The transaction remains subject to satisfactory due diligence, valuation, negotiation, execution of definitive agreements, and receipt of all necessary corporate, statutory, and regulatory approvals.

BIKEWO Stock Price Movement​

Shares of Bikewo Green Tech Limited gain moderately to ₹64.95 as of 9:34 AM today, climbing 0.39% in live trading. The equity has impressively reached its 52-week high, supported by a traded volume of 6,000 shares thus far.