Bike-Wo Green Tech Ltd has signed a memorandum of understanding with Commerce Forever to launch an electric vehicle-based logistics initiative, targeting cleaner, more efficient last-mile delivery operations across major Indian cities.
MoU Highlights
* Bike-Wo Green Tech Ltd will supply and manage a fleet of electric two- and three-wheelers for Commerce Forever’s logistics operations
* The MoU outlines a phased deployment plan focused on major metros before scaling to tier-2 cities
* Both companies aim to enhance sustainability and reduce carbon emissions in urban delivery systems
Strategic Objectives
* Leverage EV technology to lower operational costs and environmental impact
* Integrate Bike-Wo’s telematics and battery-swapping systems for real-time fleet management
* Support Commerce Forever’s goal of electrifying up to 70 percent of its last-mile fleet within two years
Deployment Roadmap
* Phase 1 to begin in August 2025 with 2,000 EVs rolled out in six metro cities
* Expansion to follow in tier-2 and tier-3 cities based on infrastructure readiness
* Battery-swapping and charging stations to be co-developed at Commerce Forever warehouses and hubs
Operational Synergies
* Bike-Wo will provide full-service fleet management, including maintenance, software support, and driver training
* Commerce Forever will integrate EVs into its e-commerce and retail supply chains for enhanced delivery speed and reliability
* Joint KPIs include cost savings, uptime performance, and carbon footprint reduction metrics
Market Outlook
* The collaboration reflects rising demand for sustainable logistics solutions across India’s booming e-commerce sector
* The partnership is expected to unlock new revenue streams for Bike-Wo while enhancing Commerce Forever’s ESG profile
* Analysts expect further EV logistics tie-ups as delivery players prioritize green mobility
About Bike-Wo Green Tech Ltd
Bike-Wo Green Tech Ltd is a leading provider of electric two- and three-wheeler vehicles focused on urban mobility, logistics solutions, and sustainable fleet management services.
Sources: Company Announcements, Exchange Filings, Industry Reports
