BikeWo plans Rs 150 crore investment in Green Drive Mobility

BikeWo Green Tech has signed an MoU with Green Drive Mobility to expand electric logistics operations across India. BikeWo intends to invest up to Rs 150 crore, subject to approvals and agreements, supporting fleet expansion, technology integration and infrastructure development.

Hyderabad: BikeWo Green Tech Limited has signed an MoU with Green Drive Auto Services Private Limited (Green Drive Mobility) to jointly develop and scale electric logistics operations across India, with a particular focus on last-mile, mid-mile, and long-haul freight transportation.

The companies share an ambitious vision of building a large-scale green logistics platform with a fleet of at least 5,000 electric trucks over the coming years. Green Drive Mobility operates a fleet of over 350 electric trucks and approximately 8,000 electric two-wheelers.

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As part of the long-term association, BikeWo has expressed its intent to progressively invest up to Rs 150 crore in Green Drive Mobility over the coming years, subject to mutually agreed commercial terms, business requirements, necessary approvals and definitive arrangements.

The proposed investments are intended to support fleet expansion, technology integration, operational infrastructure and the development of new institutional logistics opportunities. A key focus of the partnership will be accelerating the adoption of electric trucks for industrial freight, retail distribution, regional transportation, and long-haul logistics.