Hyd: BikeWo expands into pan-India mobility, logistics platform

Hyderabad, Sept 16 (UNI) BikeWo Green Tech Limited, listed on NSE Emerge, on Wednesday announced plans to expand from its electric vehicle sales and distribution business into a technology-enabled mobility and logistics platform with a pan-India presence. In a release, the Hyderabad based company said its transformation would focus on scaling its vehicle base, strengthening professional management, developing strategic partnerships and pursuing selective inorganic opportunities. BikeWo said it has undertaken a Rs 70-crore-plus preferential issue through warrants to support its growth plans. It is targeting an increase in its vehicle base from around 3,000 in the previous financial year to…