BikeWo targets 10,000-vehicle fleet in FY27 with Rs76 cr preferential issue

Hyderabad, Sept 22 (UNI) BikeWo Green Tech Ltd is targeting a fleet of around 10,000 vehicles during 2026-27, supported by a preferential issue through warrants worth more than Rs76 crore, as the company expands beyond electric vehicle sales and distribution into fleet ownership, leasing and specialised mobility services. The expansion, termed "BikeWo Ascend", will cover EV asset ownership and leasing, fleet deployment, specialised mobility applications, operating partnerships, lifecycle support and technology-enabled logistics, the Hyderabad based company said in a release on Tuesday. As part of the expansion, BikeWo has entered into an engagement with Reliance Industries Ltd's Bio Energy Division…