BikeWo Green Tech Limited has signed a Memorandum of Understanding (MoU) to acquire a majority stake in ENlite EV Care, an electric vehicle service and maintenance company, as part of its strategy to expand its integrated electric mobility ecosystem.
The proposed acquisition is aimed at strengthening BikeWo’s capabilities in organised vehicle servicing, maintenance and lifecycle management as electric vehicle adoption accelerates across commercial segments, including last-mile delivery, logistics and fleet mobility.
Under the proposed transaction, BikeWo plans to establish a network of EV Care Centres focused primarily on business-to-business (B2B) customers and commercial electric vehicle fleets. The facilities will offer preventive maintenance, diagnostics, repairs, battery and electrical system support, periodic servicing, and fleet uptime management to improve vehicle availability and operational efficiency.
The companies also intend to jointly evaluate suitable locations and operating models for the proposed EV Care Centres. As part of the initiative, BikeWo plans to integrate digital technologies such as vehicle health monitoring, predictive maintenance, service scheduling, digital maintenance records and fleet performance tracking to create a technology-driven after-sales ecosystem.
Commenting on the development, Hiten Pal Saklani, Chief Executive Officer of BikeWo Green Tech Limited, said the proposed acquisition represents a strategic step towards strengthening the company’s presence across the electric vehicle value chain by integrating maintenance and lifecycle support with its mobility platform. He added that the initiative is expected to improve fleet uptime, enhance service quality and deliver greater operational efficiency for commercial fleet operators.
BikeWo said the acquisition aligns with its long-term strategy of building capabilities across electric mobility, fleet operations, logistics infrastructure, technology and renewable energy. By combining vehicle deployment with organised maintenance and lifecycle management, the company aims to develop a scalable platform to support the evolving needs of India’s commercial electric mobility sector.
The proposed acquisition remains subject to satisfactory due diligence, valuation, negotiation and execution of definitive agreements, as well as the receipt of applicable corporate, statutory and regulatory approvals.
