Bikewo Green Tech Limited (BIKEWO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Bikewo Green's revenue was ₹37.5 Cr (+159.4% year on year), and net profit ₹3.3 Cr; the operating margin was 10.7%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹37.5 | +159.4% | — |
| Operating profit | ₹4.0 | — | — |
| Net profit | ₹3.3 | — | — |
| EPS (₹) | 2.51 | — | — |
| Operating margin | 10.7% | — | — |
BIKEWO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the BIKEWO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 95.56%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was under a tenth of its average. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 93.8% · 100.0% · 100.0% · 100.0% · 100.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
BikeWo Green Tech Limited has entered into a strategic non-binding MoU with electric tractor maker Moonrider on September 30, 2026. The partnership aims to deploy electric tractors across institutional use cases, such as agriculture, industrial facilities, warehouses, airports, and ports. BikeWo will explore fleet deployment, leasing, and operational models to support Moonrider's commercial rollout. However, specific vehicle volumes, procurement values, and commercial commitments remain subject to definitive agreements.
- Strategic MoU signed on September 30, 2026, to explore electric tractor adoption in institutional segments
- Focuses on deployment models across warehouses, airports, ports, agriculture, and industrial facilities
- Commercial structures including fleet leasing and operations to be finalized via separate definitive agreements
- Financial investment and deployment volume targets were not disclosed
Bikewo Green Tech Limited has incorporated a wholly-owned subsidiary named Bikewo Logistics and Infrastructure Private Limited on September 16, 2026. The new entity was subscribed for an initial cash consideration of ₹1,00,000 comprising 10,000 equity shares at ₹10 each. The subsidiary will focus on electric vehicles, logistics, transportation, and last-mile delivery services. Commercial operations are yet to commence, meaning immediate financial contribution is nominal compared to Bikewo's ₹42 crore net worth.
- Incorporated wholly-owned subsidiary Bikewo Logistics and Infrastructure Private Limited on September 16, 2026
- Acquisition consideration of ₹1,00,000 in cash for 10,000 equity shares at ₹10 each
- 100% shareholding and control held by Bikewo Green Tech Limited
- Entity will engage in electric vehicle supply chain, logistics, and last-mile delivery services
Bikewo Green Tech has secured long-term contracts from Reliance Industries Limited (Bio Energy Division) with an aggregate estimated value of ₹66.46 crore (inclusive of GST). The contract runs until July 31, 2033, comprising ₹27.15 crore for EV tractor configurations/equipment and ₹39.31 crore for driver and vehicle-operation services. Against Bikewo's annualised revenue run-rate (e.g., ₹37.46 crore in Mar 2026), the ₹66.46 crore contract represents a massive business addition, though the company explicitly notes the values are indicative and not binding on Reliance.
- Total estimated contract value of ₹66,46,41,600 (approx. ₹66.46 crore inclusive of GST)
- EV tractor configurations and specialized attachments account for ₹27,15,21,600
- Driver and vehicle-operation services comprise ₹39,31,20,000
- Long-term tenure valid up to July 31, 2033, with 7-day payment terms from invoice acceptance
BikeWo Green Tech Limited has appointed automotive industry veteran Sumanth Badiga to its Advisory Board to support its expansion into enterprise mobility and logistics. Badiga brings over three decades of automotive experience, currently serving as Managing Director of Jasper Industries and Chairman of Adithya Automotive Applications, along with prior experience in the Tata ecosystem. His role will involve advising on commercial vehicle strategy, OEM partnerships, and fleet development as BikeWo broadens operations across last-mile, mid-mile, and long-mile transportation. No financial commitments, remuneration details, or executive board seats were disclosed in the filing.
- Sumanth Badiga appointed to BikeWo Green Tech's Advisory Board as of September 15, 2026
- Appointee brings over 30 years of experience across commercial vehicles, OEM relationships, and fleet applications
- Currently serves as Managing Director of Jasper Industries and Chairman of Adithya Automotive Applications
- Advisory focus includes enterprise mobility, fleet procurement, and last-mile to long-mile logistics
BikeWo Green Tech has announced a renewed focus on its strategic partnership with Commerce Forever under its Energy & Mobility Infrastructure platform. The collaboration, originating from a June 2025 MoU, envisages the phased deployment of 1,500 to 2,500 electric two-wheelers across Delhi NCR, Haryana, and Uttar Pradesh. The scope encompasses EV deployment, rider onboarding, fleet management, and operational support. Definitive commercial agreements are yet to be concluded and will be disclosed separately.
- Envisages deployment of 1,500–2,500 electric two-wheelers across Delhi NCR, Haryana, and Uttar Pradesh
- Reiterates framework from an initial strategic Memorandum of Understanding signed in June 2025
- Scope covers vehicle deployment, rider onboarding, fleet routing, and operational support for B2B logistics
- Evaluating strategic opportunities with Delhi-based PositiEV Mobility to enhance North India regional execution
Bikewo Green Tech Limited has released the notice for its 10th Annual General Meeting (AGM) to be held on September 29, 2026, along with its FY2025-26 Annual Report. Key business items include the adoption of FY26 financial statements and the reappointment of Chairman and Managing Director Manideep Katepalli for a 3-year term from November 20, 2026, at an annual remuneration not exceeding ₹6,00,000. Additionally, the appointment of Jolita Manadhata as an Independent Director for a 5-year term is tabled. The voting cut-off date is September 22, 2026, with e-voting open from September 26 to September 28, 2026.
- 10th AGM scheduled for Tuesday, September 29, 2026, at 03:30 PM IST via VC/OAVM.
- Proposed reappointment of Manideep Katepalli as MD for 3 years at a remuneration capped at ₹6,00,000 per annum.
- Proposed appointment of Jolita Manadhata as Independent Director for 5 years (Jan 6, 2026 to Jan 5, 2031).
- Cut-off date for voting eligibility set as September 22, 2026, with remote e-voting from September 26–28, 2026.
Bikewo Green Tech Limited's Board has approved the re-appointment of Mr. Manideep Katepalli as Chairman and Managing Director for a period of 3 years, effective November 20, 2026. The re-appointment is subject to shareholder approval at the upcoming 10th Annual General Meeting scheduled for September 29, 2026. Mr. Katepalli holds 4,14,750 shares in the company and brings over 10 years of automotive sector experience.
- Re-appointment of Mr. Manideep Katepalli as CMD for a 3-year term starting November 20, 2026
- 10th Annual General Meeting convened for Tuesday, September 29, 2026
- CMD holds 4,14,750 equity shares in the company
- Board meeting conducted on September 3, 2026 (5:00 PM to 5:25 PM IST)
Bikewo Green Tech Limited's Board has approved the reappointment of Mr. Manideep Katepalli as Chairman and Managing Director for a 3-year term starting November 20, 2026, subject to shareholder approval. The Board has scheduled the company's 10th Annual General Meeting (AGM) for September 29, 2026. Mr. Katepalli currently holds 4,14,750 shares in the company and brings over 10 years of automotive trading experience.
- Re-appointment of Mr. Manideep Katepalli as CMD for a period of 3 years w.e.f. November 20, 2026
- 10th Annual General Meeting (AGM) scheduled for September 29, 2026
- CMD holds 4,14,750 equity shares in the company
- Appointed Mr. Jineshwar Kumar Sankhala as Scrutinizer for the AGM voting process
Bikewo Green Tech Limited has filed an updated corporate investor presentation detailing its transition toward an Energy & Mobility Infrastructure (EMI) and EV 3PL platform. The company outlined indicative timelines targeting NSE Mainboard eligibility by September 2027 and migration by December 2027. BikeWo estimates its serviceable obtainable market (SOM) at ₹2,500–3,000 crore within the tech-enabled last-mile delivery space. No new financial results, capital raise figures, or commercial contracts were disclosed in the filing.
- Targets NSE Mainboard eligibility assessment by September 2027 and migration by December 2027
- Estimates Serviceable Obtainable Market (SOM) at ₹2,500–3,000 crore out of a ₹65,000+ crore total addressable market
- Outlines a 5-pillar platform strategy encompassing mobility assets, energy, financing support, lifecycle services, and intelligence
- Capital deployment and growth phases scheduled across August 2026 and December 2026
Bikewo Green Tech Limited announced plans to evaluate strategic expansion into warehousing and integrated logistics infrastructure. The company plans to initially focus its warehousing evaluation on Hyderabad before considering other key logistics markets across India. The initiative aims to integrate warehousing with its existing electric mobility, EV fleet, and charging operations across owned, leased, or partnership models. However, the plan is currently at an exploratory stage with no financial outlay, definitive agreements, or capacity targets finalized.
- Press release dated August 26, 2026, outlining strategic intent to enter warehousing and integrated logistics.
- Phase 1 evaluation will focus specifically on the Hyderabad logistics market.
- Proposed expansion is at an exploratory stage with commercial viability and regulatory approvals yet to be assessed.
- Evaluating owned, leased, operated, build-to-suit, and partnership-led operating models.
BikeWo Green Tech has signed a strategic Memorandum of Understanding (MoU) with Evify Logitech to develop an AI-led electric logistics technology platform. The collaboration includes an initial Phase I deployment targeting approximately 500 electric vehicles for Evify's logistics operations. Subject to Phase I success and final commercial agreements, the companies aim to scale cumulative deployment to approximately 10,000 electric vehicles over 3 years. Definitive technical and commercial terms remain to be finalized separately.
- MoU signed with Evify Logitech to integrate AI, hardware, and fleet logistics data
- Phase I deployment targets approximately 500 electric vehicles for logistics operations
- Strategic intent to scale deployment up to approximately 10,000 electric vehicles over 3 years
- Definitive commercial and technical terms subject to separate documentation and financing
Bikewo Green Tech has approved the acquisition of a 29.43% equity stake in Ignitium Services Private Limited for a total cash consideration of Rs 16.04 Cr. The investment represents approximately 38% of Bikewo's reported net worth of Rs 42 Cr and is expected to close within 7 working days. Ignitium operates in energy infrastructure and services, reporting an unaudited turnover of Rs 49.72 Cr in FY26, down from Rs 70.75 Cr in FY25 and Rs 83.01 Cr in FY24. Bikewo intends to use this minority stake to integrate energy services into its commercial mobility and logistics ecosystem.
- Approved acquisition of 29.43% stake in Ignitium Services for Rs 16.04 Cr (₹16,04,25,000).
- Cash acquisition equals ~38% of Bikewo's Net Worth (Rs 42 Cr).
- Target reported declining annual turnover: ₹49.72 Cr (FY26 unaudited) vs ₹70.75 Cr (FY25) and ₹83.01 Cr (FY24).
- Expected completion timeline is within 7 working days; non-related party transaction.
Bikewo Green Tech has signed a non-binding MoU with Hala Mobility to deploy and manage electric vehicle (EV) fleets. The partnership begins with a Phase I deployment of approximately 1,000 vehicles, with a strategic intent to scale to 10,000 vehicles over the next three years. This represents a massive potential expansion relative to the company's current scale, as evidenced by its Mar 2026 quarterly revenue of ₹37.46 Cr. The collaboration will cover the full EV ecosystem, including leasing, charging infrastructure, and maintenance.
- Initial Phase I deployment targeted at approximately 1,000 electric vehicles
- Strategic roadmap to scale fleet operations to 10,000 vehicles over 3 years
- Partnership covers vehicle leasing, charging infrastructure, and energy solutions
- Mar 2026 quarterly revenue stood at ₹37.46 Cr, up from ₹14.44 Cr in Mar 2025
- MoU is currently non-binding and subject to definitive commercial agreements
Bikewo Green Tech has approved the allotment of 4,52,600 equity shares and 2,42,35,400 warrants, both priced at Rs 31 per unit. The company has received an immediate cash infusion of Rs 20.18 crore, comprising Rs 1.40 crore for the shares and Rs 18.78 crore as the 25% upfront payment for the warrants. The total potential capital infusion upon full warrant conversion is approximately Rs 76.53 crore, which is highly material given the company's current net worth of Rs 42 crore. A significant portion of the warrants (1.03 crore units) was subscribed to by a promoter, indicating strong internal backing.
- Allotment of 4,52,600 equity shares at Rs 31 each, aggregating to Rs 1.40 crore
- Allotment of 2,42,35,400 warrants at Rs 31 each, with 25% upfront payment of Rs 18.78 crore received
- Total potential fundraise of Rs 76.53 crore represents approximately 182% of the company's current net worth of Rs 42 crore
- Promoter Satyapoorna Chander Yalamanchili subscribed to 1,02,95,000 warrants, representing 42.5% of the total warrant issue
- Issue price of Rs 31 includes a premium of Rs 21 per share over the face value of Rs 10
Bikewo Green Tech Limited has signed a non-binding Memorandum of Understanding (MoU) to acquire a majority stake in Enlite EV Care, an EV maintenance specialist. The acquisition aims to build an integrated ecosystem for B2B and commercial EV fleets, offering services like battery diagnostics and fleet uptime management. This follows a strong financial performance where revenue grew from ‹14.44 Cr in FY25 to ‹37.46 Cr in FY26. The deal is currently subject to due diligence and valuation, with financial terms not yet disclosed.
- Acquisition of a majority stake in Enlite EV Care to expand into EV after-sales services.
- Targeting B2B and commercial fleet segments for recurring maintenance revenue.
- Company reported a significant revenue increase to ‹37.46 Cr in March 2026 vs ‹14.44 Cr in March 2025.
- Net worth of the company stands at ‹42 Cr with a low Debt/Equity ratio of 0.15.
- Integration of digital capabilities including vehicle health monitoring and predictive maintenance.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The provided text focuses exclusively on promoter reclassification filings.
Geographic Revenue Split
Not disclosed in available documents. The company is headquartered in Hyderabad, Telangana, but regional revenue contribution is not specified.
Profitability Margins
Not disclosed in available documents. No financial statements or margin data (Gross/Operating/Net) were provided.
EBITDA Margin
Not disclosed in available documents. Core profitability and YoY changes are not available in the provided regulatory announcements.
Capital Expenditure
Not disclosed in available documents. No historical or planned INR values for capital expenditure are mentioned.
Credit Rating & Borrowing
Not disclosed in available documents. Credit ratings and specific borrowing costs/interest rates are not provided.
Operational Drivers
Raw Materials
Not disclosed in available documents. Specific raw materials for 'Green Tech' operations are not listed.
Import Sources
Not disclosed in available documents. No sourcing locations (countries or states) are mentioned.
Key Suppliers
Not disclosed in available documents. No specific vendor or supplier names are provided.
Capacity Expansion
Not disclosed in available documents. Current installed capacity and expansion timelines are not mentioned.
Raw Material Costs
Not disclosed in available documents. No data on raw material costs as a percentage of revenue or procurement strategies.
Manufacturing Efficiency
Not disclosed in available documents. Capacity utilization percentages are not provided.
Logistics & Distribution
Not disclosed in available documents. Distribution costs as a percentage of revenue are not provided.
Strategic Growth
Growth Strategy
Not disclosed in available documents. While the company uses the slogan 'Electrifying India,' specific strategies for market expansion, acquisitions, or product launches are not detailed in the reclassification documents.
Products & Services
Not disclosed in available documents. The company name 'Bikewo Green Tech' and slogan 'Electrifying India' suggest electric vehicle or green technology products, but specific items are not listed.
Brand Portfolio
Bikewo Green Tech
New Products/Services
Not disclosed in available documents. No upcoming product launches or expected revenue contributions are mentioned.
Market Expansion
Not disclosed in available documents. No target regions or expansion timelines are provided.
Market Share & Ranking
Not disclosed in available documents. Industry ranking and market share percentages are not available.
Strategic Alliances
Not disclosed in available documents. No joint ventures or partner names are listed.
External Factors
Industry Trends
Not disclosed in available documents. While the company operates in the 'Green Tech' sector, specific industry growth rates or technology shifts are not discussed.
Competitive Landscape
Not disclosed in available documents. Key competitors are not identified.
Competitive Moat
Not disclosed in available documents. No specific competitive advantages such as patents or cost leadership are detailed.
Macro Economic Sensitivity
Not disclosed in available documents. Sensitivity to GDP or inflation is not quantified.
Consumer Behavior
Not disclosed in available documents. No data on consumer trend shifts affecting demand.
Geopolitical Risks
Not disclosed in available documents. No trade barrier or geopolitical impacts are mentioned.
Regulatory & Governance
Industry Regulations
Not disclosed in available documents. The documents focus on SEBI capital market regulations (Regulation 31A), which are excluded from this category per instructions.
Environmental Compliance
Not disclosed in available documents. ESG compliance costs are not provided.
Taxation Policy Impact
Not disclosed in available documents. Specific tax rates or fiscal policy impacts are not mentioned.
Legal Contingencies
Not disclosed in available documents. No pending court cases or labor disputes are mentioned in the provided text.
Risk Analysis
Key Uncertainties
The primary corporate action disclosed is the reclassification of 20 entities/individuals from the 'Promoter Group' to 'Public' category. These entities, including Janardhana Rao Yalamanchili and various Triumph Global entities, held 0 shares at the time of reclassification. The impact on business operations is not disclosed.
Geographic Concentration Risk
Not disclosed in available documents. Revenue concentration by region is not provided.
Third Party Dependencies
Not disclosed in available documents. Supplier dependency percentages are not available.
Technology Obsolescence Risk
Not disclosed in available documents. Digital transformation status and technology risks are not mentioned.
Credit & Counterparty Risk
Not disclosed in available documents. Receivables quality and credit exposure are not provided.
