Mumbai, Sept. 22 -- BikeWo Green Tech is aiming to expand its operating fleet to approximately 10,000 vehicles during FY2026-27, supported by a preferential warrant issue of more than INR 760 million.

The expansion forms part of a corporate transition from vehicle sales and distribution toward electric vehicle asset ownership, fleet operations, leasing and logistics technology, operating under the initiative name BikeWo Ascend.

As part of this strategy, BikeWo has secured agreements with Reliance Industries' Bio Energy Division to supply and deploy electric tractors fitted with loader, catcher and grabber equipment, along with vehicle operation and driver services. The contracts hold an estimated total value of INR 66.4 million, with va...