BikeWo Signs MoU With Green Drive Mobility to Pursue 5,000 Electric Trucks
BikeWo Green Tech signed an MoU with Green Drive Mobility to expand electric logistics in India, with a 5,000-truck ambition and up to Rs 150 crore planned.
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what happened
According to Moody's, BikeWo Green Tech has entered into a memorandum of understanding with Green Drive Auto Services, which trades as Green Drive Mobility, to scale electric freight operations across India. The partners aim for at least 5,000 electric trucks in the coming years, covering last-mile, mid-mile and long-haul routes.
BikeWo intends to put in as much as Rs 150 crore over time, but the amount hinges on negotiated commercial terms, business needs, regulatory approvals and final agreements. Green Drive Mobility currently runs more than 350 electric trucks and about 8,000 electric two-wheelers, with clients including More Retail, DHL and Gati.
The companies have not yet disclosed investment structures, deployment timelines or milestones, and the 5,000-vehicle goal is a target rather than a finished rollout.
why it matters
For markets this is a small, unfinished deal, so its direct effect on listed shares is limited. Still, it shows capital continuing to flow into electric commercial fleets and leasing models in India, a theme investors watch in the logistics sector.
tags
instruments
sources
- BikeWo Plans Rs 150 Cr Investment In Green Drive Mobility, Targets 5,000 Electric Trucks — Moody's, 27 October 2026 at 15:03 UTC
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