Sep 07: BikeWo Green Tech Limited is renewing its focus on its existing strategic partnership with Commerce Forever as part of the Company’s broader strategy to build an integrated Energy & Mobility Infrastructure platform.
BikeWo and Commerce Forever entered into a strategic Memorandum of Understanding in June 2025, which envisaged deploying approximately 1,500–2,500 electric two-wheelers for last-mile delivery operations across Delhi NCR, Haryana, Uttar Pradesh and adjoining regions.
The partnership was originally conceived around electric vehicle deployment and last-mile logistics. With BikeWo now building broader capabilities across EV fleet operations, vehicle leasing, logistics and supporting infrastructure, the Company sees the Commerce Forever opportunity as closely aligned with its evolving EMI strategy.
The potential scale of the partnership is particularly relevant to BikeWo’s operating model. A fleet of up to 2,500 vehicles can provide opportunities to build economies of scale across vehicle procurement, financing, insurance, charging, maintenance and fleet management, while improving asset utilization and overall operating efficiency.
Under the existing framework, the partnership covers EV deployment, rider onboarding, technology-enabled fleet management, route management and operational support for Commerce Forever’s B2B e-commerce supply chain ecosystem.
BikeWo is also evaluating strategic opportunities that could strengthen its regional execution capabilities, including its ongoing evaluation of Delhi-based PositiEV Mobility, which could complement the operating requirements for large fleet deployments in North India.
The Company intends to pursue the Commerce Forever opportunity in a phased manner, with future deployments aligned to underlying demand, unit economics, commercial viability and capital allocation priorities.
Commenting on the development, Mr. Hiten Pal Saklani, Chief Executive Officer of BikeWo Green Tech Limited, said:
“Commerce Forever represents an important opportunity within our broader Energy & Mobility Infrastructure strategy. The potential scale of up to 2,500 electric two-wheelers gives us an opportunity to build greater operating efficiencies across procurement, financing, maintenance and fleet operations. As we strengthen the wider BikeWo platform, our focus will be on converting such opportunities into scalable and commercially sustainable operations.”
Any definitive agreements, commercial arrangements or other material developments arising from the Commerce Forever partnership will be disclosed separately, as and when they are concluded, in accordance with applicable regulatory requirements.